-Dugger examines the modern corporation and its impact on such institutions as families, communities, schools, churches, unions, the state, and the media. Dugger's conclusion is that the corporation serves to fill a `social vacuum,' as it `hollows out' these institutions. Dugger's analysis of corporations is within an institutional framework that focuses on the source and use of corporate economic power. . . . [T]his volume is thought provoking . . . . . Extensive bibliography; good index. Appropriate for graduate students and faculty. —Choice

-Asserts that corporate power is the dynamic factor in capitalist economies rather than market competition operating on the forces of supply and demand. Points to militarization, labor exploitation, the federal deficit, and corporate diversification as the forces driving recent shifts in the U.S. economy--which resulted in the deterioration of the northern, industiral 'rust belt' as well as the growth of the southern, high-tech, service-oriented 'sun belt' and the New Engand financial, service-oriented areas. Views the rise of the corporate institution as a force causing social and political change that supports its power. Contends that institutional change in noncorporate institutions, such as the state, the family, and religion, in the direction of countering rather than tolerating this hegemony is necessary for U.S. prosperity in the future. —Economic Books