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If you don't mind, I would answer "no later than Adam Smith" - Marx also 
dealt at length with the topic (Vol. III) and so on... 
 
More seriously, The Modern Corporation and Private Property /1932 / Adolf 
A. Berle, Gardiner C. Means is largely recognised to be the first authors 
to launch the discussions. 
 
Alain Alcouffe 
 
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