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" ... being the managers rather of other people's money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own. "
Encyclopaedia Britannica; Or A Dictionary of Arts, Sciences, and ... - ˹éÒ 334
1823
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The Modern Corporation and Private Property

1991 - 380 ˹éÒ
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters...affairs of such a company. It is upon this account that joint stock companies for foreign trade [at the time he was writing the only important manifestation...
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The Heterodox Economics of Gardiner C. Means: A Collection

Gardiner Coit Means - 1992 - 408 ˹éÒ
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters...affairs of such a company. It is upon this account that joint stock companies for foreign trade [at the time he was writing the only important manifestation...
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Games, Strategies, and Managers

John McMillan - 1992 - 268 ˹éÒ
...anxious vigilance with which the partners in a private copartnery frequently watch over their own. . . . Negligence and profusion, therefore, must always prevail,...in the management of the affairs of such a company. Smith was unduly pessimistic about the ability of corporations to give their managers incentives to...
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Underground Economics: A Decade of Institutionalist Dissent

William M. Dugger - 1992 - 406 ˹éÒ
...they would have exercised over their own, had they been managing their own private firm. He concluded: "Negligence and profusion, therefore, must always...or less, in the management of the affairs of such a company."7 Such companies, he was convinced, generally did "more harm than good." Smith believed that...
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The Economic Nature of the Firm: A Reader

Louis Putterman, Randy Kroszner - 1996 - 404 ˹éÒ
...private copartnery frequently watch over their own. Like the stewards of a rich man, they are easily apt to consider attention to small matters as not...in the management of the affairs of such a company. Adam Smith, The Wealth of Nations, 1776, Cannan Edition (Modem Library, New York, 1937), p. 700. 1....
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Alfred Marshall: Critical Assessments. Second series. ...

John Cunningham Wood - 1996 - 462 ˹éÒ
...they would have exercised over their own, had they been managing their own private firm. He concluded: "Negligence and profusion, therefore, must always...in the management of the affairs of such a company" [7]. Such companies, he was convinced, generally did "more harm than good". Only banking, insurance,...
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Firms, Organizations and Contracts: A Reader in Industrial Organization

Peter J. Buckley, Jonathan Michie - 1996 - 498 ˹éÒ
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man. they are apt to consider attention to small matters as not for their master's honour, and At the time of writing, Michael C. Jensen and Wllliam H. Meckling were Associated Professor and Dean,...
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The Fire of Invention: Civil Society and the Future of the Corporation

Michael Novak - 1997 - 218 ˹éÒ
...which the partners in a private copartnery frequently watch their own. Like the stewards of a rich man, they are apt to consider attention to small matters...affairs of such a company. It is upon this account that joint stock companies for foreign trade have seldom been able to maintain the competition against private...
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Managing through Incentives: How to Develop a More Collaborative, Productive ...

Richard B. McKenzie, Dwight R. Lee - 1998 - 348 ˹éÒ
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters...in the management of the affairs of such a company" (The Wealth of Nations, p. 700). 8. One of the more important contemporary articles on the "market...
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Foundations of Organizational Strategy

Michael C. Jensen - 1998 - 428 ˹éÒ
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters...in the management of the affairs of such a company. — Adam Smith, The Wealth of Nations 3.1 Introduction In this chapter we draw on recent progress in...
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