Activist Management: Henry S. Dennison's Institutional Economics

December 2006
Journal of Economic Issues (Association for Evolutionary Economi;Dec2006, Vol. 40 Issue 4, p1113
Academic Journal
The article focuses on the collected works and thoughts of Henry Dennison, a Boston, Massachusetts-based businessman and Harvard Business School lecturer, considered to be a significant contributor to turn of the century institutionalist economic theory and organizational management. His role in the shaping of economic institutionalism and organizational management theories is discussed. Of particular focus is Thorstein Veblen, whom the author contends Dennison's body of work and thought is similar to in regards to absentee ownership and the mainstream concept of "economic man." Also discussed is John R. Commons and his relationship with Dennison's family-owned company. Commons supported Dennison's contributions to labor economics and the practices which Dennison's company employed.


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