Histories of semiconductor and computing technology in the United States have emphasized the supporting role of the U.S. state, especially the military, in answer to libertarian denials of state aid that are influential in Silicon Valley today. Somewhat implicit in that historiography, though, is the leading role of actors and organizations that blur any distinction between public and private. Some industries of this sort—telecommunications, aerospace, auto manufacturing—do figure in the historiography, but the class should be expanded further. One such industry—oil—has been exceptionally but almost invisibly influential in the development of computing and semiconductor manufacturing in the United States. Oil firms invested heavily in semiconductors and computing. There was also an “oil spillover” of personnel and technology from oil firms to computing and semiconductor manufacturing. Oil shows up in the biographies of many prominent individuals and organizations in the history of those technologies, from Fairchild Semiconductor to Edsger Dijkstra. These ties potentially hold important implications for the much-needed transition to a more sustainable energy regime.
{"title":"Spillovers from Oil Firms to U.S. Computing and Semiconductor Manufacturing: Smudging State–Industry Distinctions and Retelling Conventional Narratives","authors":"Cyrus C. M. Mody","doi":"10.1017/eso.2022.6","DOIUrl":"https://doi.org/10.1017/eso.2022.6","url":null,"abstract":"Histories of semiconductor and computing technology in the United States have emphasized the supporting role of the U.S. state, especially the military, in answer to libertarian denials of state aid that are influential in Silicon Valley today. Somewhat implicit in that historiography, though, is the leading role of actors and organizations that blur any distinction between public and private. Some industries of this sort—telecommunications, aerospace, auto manufacturing—do figure in the historiography, but the class should be expanded further. One such industry—oil—has been exceptionally but almost invisibly influential in the development of computing and semiconductor manufacturing in the United States. Oil firms invested heavily in semiconductors and computing. There was also an “oil spillover” of personnel and technology from oil firms to computing and semiconductor manufacturing. Oil shows up in the biographies of many prominent individuals and organizations in the history of those technologies, from Fairchild Semiconductor to Edsger Dijkstra. These ties potentially hold important implications for the much-needed transition to a more sustainable energy regime.","PeriodicalId":45977,"journal":{"name":"Enterprise & Society","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2022-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43728918","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"David M. Wight. Oil Money: Middle East Petrodollars and the Transformation of US Empire, 1967–1988. Ithaca, NY: Cornell University Press, 2020. 347 pp. ISBN: 978-1-5017-1572-3, $49.95 (cloth).","authors":"Caleb Wellum","doi":"10.1017/eso.2022.5","DOIUrl":"https://doi.org/10.1017/eso.2022.5","url":null,"abstract":"","PeriodicalId":45977,"journal":{"name":"Enterprise & Society","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2022-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42801458","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
China’s reemergence among the world’s leading economic and political powers has been one of the most defining changes in the international order since the end of the Cold War. Underpinning China’s ascent were the economic reforms instituted across the late 1970s and early 1980s that opened its economy to foreign direct investments. Preceding these reforms were the ambitions entertained for China’s continental shelf, optimistically forecasting it as nothing less than “the world’s richest petroleum reservoir.” This article will attempt to link these phenomena by examining the economic readjustment in conjunction with the capital- and technology-intensive requirements of the offshore oil industry. It will explore how petroleum knowledge was diffused between Norway and China: notably, how Chinese reformers abandoned the Daqinigst doctrine of self-reliance in favor of a hybrid Norwegian model of petroleum governance. Even though exploration efforts proved disappointing, the episode had both long-term political and commercial ramifications. It was during this often-overlooked episode of Chinese, international, and indeed Norwegian petroleum history that Norway’s national oil company, Statoil, took its first steps outside the Norwegian continental shelf and inspired the formation of China’s own national offshore oil company, China National Offshore Oil Corporation.
{"title":"The Great Leap Offshore: Sino-Norwegian Relations and Petro-Knowledge Transfers, 1976–1997","authors":"J. Gjersø","doi":"10.1017/eso.2022.4","DOIUrl":"https://doi.org/10.1017/eso.2022.4","url":null,"abstract":"China’s reemergence among the world’s leading economic and political powers has been one of the most defining changes in the international order since the end of the Cold War. Underpinning China’s ascent were the economic reforms instituted across the late 1970s and early 1980s that opened its economy to foreign direct investments. Preceding these reforms were the ambitions entertained for China’s continental shelf, optimistically forecasting it as nothing less than “the world’s richest petroleum reservoir.” This article will attempt to link these phenomena by examining the economic readjustment in conjunction with the capital- and technology-intensive requirements of the offshore oil industry. It will explore how petroleum knowledge was diffused between Norway and China: notably, how Chinese reformers abandoned the Daqinigst doctrine of self-reliance in favor of a hybrid Norwegian model of petroleum governance. Even though exploration efforts proved disappointing, the episode had both long-term political and commercial ramifications. It was during this often-overlooked episode of Chinese, international, and indeed Norwegian petroleum history that Norway’s national oil company, Statoil, took its first steps outside the Norwegian continental shelf and inspired the formation of China’s own national offshore oil company, China National Offshore Oil Corporation.","PeriodicalId":45977,"journal":{"name":"Enterprise & Society","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2022-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45203729","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Interlocking directorates can encourage innovation, cooperation, and adherence to best practices or can contribute to collusion, corruption, and the stagnation of ideas. Research has identified the contingent nature of director networks, with outcomes dependent on the nature of the tie; the firms and individuals involved; and the institutional, sociopolitical, and cultural context. Distinguishing between helpful and harmful interlocks thus requires understanding the foundations on which they were built. This article is the first systematic, longitudinal analysis of the antecedents of interlocking directorates in Australia, complementing substantial international efforts to understand and compare director networks across the twentieth century. The network has been characterized by a relatively consistent long-run level of connection but substantial variation in the causes of interlocks. The director network in Australia has responded to the pragmatics of the board member occupation, with corporate governance regulations, the progress of the professions, banking and prudential practices, and the form of large organizations encouraging ties that were built on professional expertise and geographic proximity. These findings are important for policy makers, regulatory bodies, and scholars, highlighting the importance of understanding the contextual foundations of interlocks when assessing their potential for harm.
{"title":"Board Games: Antecedents of Australia’s Interlocking Directorates, 1910–2018","authors":"C. Wright","doi":"10.1017/eso.2021.59","DOIUrl":"https://doi.org/10.1017/eso.2021.59","url":null,"abstract":"Interlocking directorates can encourage innovation, cooperation, and adherence to best practices or can contribute to collusion, corruption, and the stagnation of ideas. Research has identified the contingent nature of director networks, with outcomes dependent on the nature of the tie; the firms and individuals involved; and the institutional, sociopolitical, and cultural context. Distinguishing between helpful and harmful interlocks thus requires understanding the foundations on which they were built. This article is the first systematic, longitudinal analysis of the antecedents of interlocking directorates in Australia, complementing substantial international efforts to understand and compare director networks across the twentieth century. The network has been characterized by a relatively consistent long-run level of connection but substantial variation in the causes of interlocks. The director network in Australia has responded to the pragmatics of the board member occupation, with corporate governance regulations, the progress of the professions, banking and prudential practices, and the form of large organizations encouraging ties that were built on professional expertise and geographic proximity. These findings are important for policy makers, regulatory bodies, and scholars, highlighting the importance of understanding the contextual foundations of interlocks when assessing their potential for harm.","PeriodicalId":45977,"journal":{"name":"Enterprise & Society","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2022-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43125977","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We trace the history of Gabrielle “Coco” Chanel’s entrepreneurial journey as a fashion designer from her early years as an outsider (early 1900s) to her rise to success and consecration as an icon within the French haute couture field (early 1930s)—a field controlled by powerful insiders. Our study sheds light on the social forces and historical circumstances underlying an outsider’s journey from the margins of an established field to its core. Drawing on unique historical material, we develop a novel process view that highlights the shifting influence of forces operating at different levels in the accumulation, deployment, and conversion of various forms of capital (i.e., human, social, economic, and symbolic) that outsiders need to promote their ideas. In particular, our multilevel perspective accounts simultaneously for the individual’s efforts to push forward these ideas (micro-level), as well as the audience dynamics (meso-level) and exogenous forces (macro-level) that shape their recognition. Chanel’s historical case analysis also affords a window into one of the first female entrepreneurs with global impact in business history, with the added challenge of establishing herself in what at the time was a male-dominated and mature field.
{"title":"From the Margins to the Core of Haute Couture: The Entrepreneurial Journey of Coco Chanel","authors":"G. Cattani, M. Colucci, S. Ferriani","doi":"10.1017/eso.2021.58","DOIUrl":"https://doi.org/10.1017/eso.2021.58","url":null,"abstract":"We trace the history of Gabrielle “Coco” Chanel’s entrepreneurial journey as a fashion designer from her early years as an outsider (early 1900s) to her rise to success and consecration as an icon within the French haute couture field (early 1930s)—a field controlled by powerful insiders. Our study sheds light on the social forces and historical circumstances underlying an outsider’s journey from the margins of an established field to its core. Drawing on unique historical material, we develop a novel process view that highlights the shifting influence of forces operating at different levels in the accumulation, deployment, and conversion of various forms of capital (i.e., human, social, economic, and symbolic) that outsiders need to promote their ideas. In particular, our multilevel perspective accounts simultaneously for the individual’s efforts to push forward these ideas (micro-level), as well as the audience dynamics (meso-level) and exogenous forces (macro-level) that shape their recognition. Chanel’s historical case analysis also affords a window into one of the first female entrepreneurs with global impact in business history, with the added challenge of establishing herself in what at the time was a male-dominated and mature field.","PeriodicalId":45977,"journal":{"name":"Enterprise & Society","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2022-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43146948","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Allyson P. Brantley. Brewing a Boycott: How a Grassroots Coalition Fought Coors and Remade American Consumer Activism. Chapel Hill: University of North Carolina Press, 2021. 304 pp. ISBN 978-1-4696-6102-5 $95.00 (cloth); 978-1-4696-6103-2 $29.95 (paper).","authors":"Nicole De Silva","doi":"10.1017/eso.2021.55","DOIUrl":"https://doi.org/10.1017/eso.2021.55","url":null,"abstract":"","PeriodicalId":45977,"journal":{"name":"Enterprise & Society","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2022-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45367253","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper examines the motivations and consequences of Labatt’s anti–drinking and driving campaign. The paper considers the economic and political conditions that enabled Canada’s largest brewer to execute a cause-advertising campaign and to establish itself as a “responsible corporation”—even when its leadership cared less about the deleterious effects of Labatt products and more about the company’s earnings. It examines neoliberal governance and the relationship between the public and private sector in tackling a prominent social problem—impaired driving—and how a for-profit business used its influence to create a new subjectivity: the “responsible drinker,” who did not drive while under the influence. It seeks to situate Labatt’s campaign within an increasingly neoliberal, individualistic political economy. This paper argues that Labatt’s actions were part of the neoliberal agenda toward “responsibilization” that shifted the responsibility for drunk driving away from regime-based institutions and onto the individual, allowing the neoliberal state to govern from a distance. It demonstrates that contrary to neoliberal rhetoric the state did not shrink during the late twentieth century but rather took on new regulatory functions.
{"title":"Business Against Drunk Driving: The Neoliberal State, Labatt Brewery, and the Creation of the “Responsible Drinker”","authors":"Matthew J. Bellamy","doi":"10.1017/eso.2021.60","DOIUrl":"https://doi.org/10.1017/eso.2021.60","url":null,"abstract":"This paper examines the motivations and consequences of Labatt’s anti–drinking and driving campaign. The paper considers the economic and political conditions that enabled Canada’s largest brewer to execute a cause-advertising campaign and to establish itself as a “responsible corporation”—even when its leadership cared less about the deleterious effects of Labatt products and more about the company’s earnings. It examines neoliberal governance and the relationship between the public and private sector in tackling a prominent social problem—impaired driving—and how a for-profit business used its influence to create a new subjectivity: the “responsible drinker,” who did not drive while under the influence. It seeks to situate Labatt’s campaign within an increasingly neoliberal, individualistic political economy. This paper argues that Labatt’s actions were part of the neoliberal agenda toward “responsibilization” that shifted the responsibility for drunk driving away from regime-based institutions and onto the individual, allowing the neoliberal state to govern from a distance. It demonstrates that contrary to neoliberal rhetoric the state did not shrink during the late twentieth century but rather took on new regulatory functions.","PeriodicalId":45977,"journal":{"name":"Enterprise & Society","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2022-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44381042","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Americans demanded retribution from the mortgage lenders whose subprime loans defaulted and from investment bankers whose mortgage-backed securities sharply declined in value in 2007, leading to financial panic and the Great Recession. From 2008 to 2019, the federal government extracted hundreds of billions in fines from dozens of corporations, but few individual business executives were held accountable, and no senior banker was convicted of a crime. I use the trial court record of five government enforcement cases against individuals to explain this apparently anomalous result. I conclude that, in addition to a lack of funding, the prosecution effort was hindered by the government’s erroneous selection of cases to pursue. Further, the diffused nature of decision making in the mortgage finance market made it difficult to prove that any one senior-level participant had the criminal intent necessary for a conviction or a Securities and Exchange Commission civil fine or injunction. The trial results also support the argument that the growth and consolidation of investment banks from 1990 to 2008 created incentives for misconduct within the firms.
{"title":"The Financial Crisis on Trial: What Went Wrong","authors":"John H. Sturc","doi":"10.1017/eso.2021.31","DOIUrl":"https://doi.org/10.1017/eso.2021.31","url":null,"abstract":"Americans demanded retribution from the mortgage lenders whose subprime loans defaulted and from investment bankers whose mortgage-backed securities sharply declined in value in 2007, leading to financial panic and the Great Recession. From 2008 to 2019, the federal government extracted hundreds of billions in fines from dozens of corporations, but few individual business executives were held accountable, and no senior banker was convicted of a crime. I use the trial court record of five government enforcement cases against individuals to explain this apparently anomalous result. I conclude that, in addition to a lack of funding, the prosecution effort was hindered by the government’s erroneous selection of cases to pursue. Further, the diffused nature of decision making in the mortgage finance market made it difficult to prove that any one senior-level participant had the criminal intent necessary for a conviction or a Securities and Exchange Commission civil fine or injunction. The trial results also support the argument that the growth and consolidation of investment banks from 1990 to 2008 created incentives for misconduct within the firms.","PeriodicalId":45977,"journal":{"name":"Enterprise & Society","volume":null,"pages":null},"PeriodicalIF":1.0,"publicationDate":"2021-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46081035","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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