Merle is a student who believes that since share ownership of corporations is so dispersed,actual control has passed into the hands of managers who run firms on a day-to-day basis.Merle's ideas echo those of:

Question

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Adolf Berle and Gardiner Means in The Modern Corporation and Private Property argued that ownership of corporations had become so dispersed that actual control over them had shifted to the hands of managers. This idea is known as the "separation of ownership and control" and is similar to what Merle believes. Adam Smith focused more on the division of labor and the role of the market, Karl Marx on the exploitation of workers and the struggle between classes, and C. Wright Mills on the concentration of power in a small elite group.

Merle Is a Student Who Believes That Since Share Ownership