Who among the following in his book 'The Managerial Revolution' argued that a managerial class dominated all industrial societies, both capitalist and communist, by virtue of its technical and scientific knowledge and its administrative skills?

Who among the following in his book 'The Managerial Revolution' argued that a managerial class dominated all industrial societies, both capitalist and communist, by virtue of its technical and scientific knowledge and its administrative skills? Correct Answer James Burnham

James Burnham wrote the book 'The Managerial Revolution' where he argued that Capitalism was long dead.

• According to him, the then system was being replaced by what he called the 'managerialism' - a new economic system.
• The book was written in 1941.
• He argued that Capitalism would be replaced by the rule of administrators, both in business and in government.
• Robert Michels in his book Political Parties developed the Iron law of oligarchy as a political theory.
• Gaetano Mosca talked about how the masses were an unorganized majority and elites were the organized minority.
• Vilfredo Pareto proposed the Circulation of Elite.