"The basic propositions that Edith Penrose put forth in her book The Theory of the Growth of the Firm were provocative and path breaking. However, few then ventured to go down the path she blazed. Time has passed, and over the last decade that path has become crowded with scholars of firm behavior, some of whom have only the dimmest awareness that the ideas they are working with were first put forward by Penrose. How good it is to have her book, long out of print, available again. Her insights, her arguments, still read fresh and right, and finally will get the attention they warrant."--Richard R. Nelson, Columbia University
About the Author
Edith Penrose was formerly at SOAS and INSEAD. Dr. Christos Pitelis is Director at the Centre for International Business and Management (CIBAM), Judge Business School, University of Cambridge.