ABSTRACT
Professor Miller says that he is somewhat wary of addressing a group of economists. His assigned task was to spell out the legal foundations of the corporate state, and he begins by exploring the legal foundations of the modern corporation. In Miller's view, it is the Supreme Court which, for good or ill, must be given credit for this development. Miller believes that a proper definition of the American corporate state encompasses: the merger of political and economic power; a legal nexus affecting that merger; the creation of a transcendent group-person; and the submergence of the individual into the group. One other deficiency in Miller's analysis is an almost total neglect of the economic and political power of trade unions in the corporate state. Organized labor has the potential to counterbalance the political and economic power of corporations, and frequently does. Certainly economists have not incorporated in the theories the modern corporation described by Miller.
