Edith Penrose has been one of the most significantas economists of the second part of the twentieth century. Her contribution to the theory of the firm has reinvented and productively developed the classical tradition in economics, and informed the currently dominant, knowledge-based theory of the firm. This volume builds on a special issue of Contributions to Political Economy that celebrated forty years since Penrose's classic The Theory of the Growth of the Firm. It includes fifteen chapters by leading contributors on the aforementioned aspects of Penrose's work.
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Book Description
Editorial Reviews
Review
"Fifteen papers ... focus on the life, contributions, and influence of Edith Penrose; Penrose and neoclassical theory; the significance of Penrose's theory for the development of economics; a constructive critique of the Penrose picture of the firm; Penrose's analysis of the growth process of the Hercules Powder Company in 1960 and the subsequent development of the company; the growth of new ventures; a Penrosean perspective on the theory of the growth of the transnational firm; Penrose, economics, and strategic management; Penrose and Ronald H. Coase on the nature of the firm and the nature of industry; a capabilities perspective on regional growth dynamics; features that are responsible for promoting and limiting the capability of firms to innovate; Penrose and Joseph Shumpeter on innovation, profits, and growth; the U.S. industrial corporation and The Theory of the Growth of the Firm; and management competence, firm growth, and economic progress."--Journal of Economic Literature
About the Author
Christos Pitelis is Director of the Centre for International Business and Management at the Judge Institute of Management Studies, Cambridge University. He is also Director of Studies in Management and Fellow in Economics at Queens' College, Cambridge. He has taught at the universities of Warwick, Nottingham, St. Andrews, and Athens, and has been visiting professor in China, Eastern Europe, and Latin America. He has consulted extensively and coordinated projects for governments, the European Commission, the United Nations, the Commonwealth Secretariat, and the private sector. He has been adviser to the Greek Minister of Industry and Development. He is author and editor of ten books, over seventy articles in academic journals and books, and has contributed papers to more than sixty conferences worldwide.
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Inside This Book
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First Sentence:
In 1959 Edith Penrose wrote The Theory of the Growth of the Firm (hereafter TGF). Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
entrepreneurial judgement, cohesive shell, new productive services, innovative profits, new productive opportunities, new resource combinations, unused productive services, regional growth dynamics, new venture growth, internal inducements, managerial organisation, domestic diversification, technological diversification, oligopolistic interaction, technological interrelatedness, organisational integration, neoclassical price theory, productive opportunity, innovative enterprise, large firms operating, deployment opportunities, organisational capability, management competence, cellulose chemistry, differential capabilities Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Edith Penrose, Oxford University Press, Cambridge University Press, Free Press, Growth of the Finn, American Economic Review, Harvard University Press, Adam Smith, Basil Blackwell, Hercules Powder Company, United States, Silicon Valley, University of Cambridge, World War, Harvard Business School Press, New Palgrave, University of Chicago Press, Allyn Young, Oliver Williamson, The Nature of the Transnational Firm, Business History Review, George Richardson, Johns Hopkins, Michael Porter New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
In 1959 Edith Penrose wrote The Theory of the Growth of the Firm (hereafter TGF). Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
entrepreneurial judgement, cohesive shell, new productive services, innovative profits, new productive opportunities, new resource combinations, unused productive services, regional growth dynamics, new venture growth, internal inducements, managerial organisation, domestic diversification, technological diversification, oligopolistic interaction, technological interrelatedness, organisational integration, neoclassical price theory, productive opportunity, innovative enterprise, large firms operating, deployment opportunities, organisational capability, management competence, cellulose chemistry, differential capabilities Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Edith Penrose, Oxford University Press, Cambridge University Press, Free Press, Growth of the Finn, American Economic Review, Harvard University Press, Adam Smith, Basil Blackwell, Hercules Powder Company, United States, Silicon Valley, University of Cambridge, World War, Harvard Business School Press, New Palgrave, University of Chicago Press, Allyn Young, Oliver Williamson, The Nature of the Transnational Firm, Business History Review, George Richardson, Johns Hopkins, Michael Porter New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 100
books:
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6
books
cite this book:
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- Capitalism, Socialism, and Democracy by Joseph A. Schumpeter on 8 pages
- The Wealth of Nations (Bantam Classics) by Adam Smith on 7 pages
- Risk, Uncertainty and Profit (Dover Books on History, Political and Social Science) by Frank H. Knight on 6 pages
- Wealth of Nations by Adam Smith on 4 pages
- The Nature of the Transnational Firm by Christos Pitelis on 4 pages
See all 100 books this book cites
- UML for Developing Knowledge Management Systems by Anthony J. Rhem on page 41, and Back Matter
- A Business in Risk: Jardine Matheson and the Hong Kong Trading Industry by Carol M. Connell on page 19, and Back Matter
- Knowledge, Scale and Transactions in the Theory of the Firm by Mario Morroni in Back Matter
- Handbook of Entrepreneurship Research: Disciplinary Perspectives (International Handbook Series on Entrepreneurship) by Sharon A. Alvarez on page 53
- The Business of Systems Integration by Andrea Prencipe on page 228
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