Enter your mobile number below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
Getting the download link through email is temporarily not available. Please check back later.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your mobile phone number.

The Visible Hand: The Managerial Revolution in American Business unknown Edition

4.5 out of 5 stars 13 customer reviews
ISBN-13: 978-0674940529
ISBN-10: 0674940520
Why is ISBN important?
ISBN
This bar-code number lets you verify that you're getting exactly the right version or edition of a book. The 13-digit and 10-digit formats both work.
Scan an ISBN with your phone
Use the Amazon App to scan ISBNs and compare prices.
Have one to sell? Sell on Amazon
Buy used On clicking this link, a new layer will be open
$21.49 On clicking this link, a new layer will be open
Buy new On clicking this link, a new layer will be open
$31.33 On clicking this link, a new layer will be open
More Buying Choices
26 New from $20.28 48 Used from $3.52
Free Two-Day Shipping for College Students with Prime Student Free%20Two-Day%20Shipping%20for%20College%20Students%20with%20Amazon%20Student


The Amazon Book Review
The Amazon Book Review
Author interviews, book reviews, editors picks, and more. Read it now
$31.33 FREE Shipping. Only 10 left in stock (more on the way). Ships from and sold by Amazon.com. Gift-wrap available.
click to open popover

Frequently Bought Together

  • The Visible Hand: The Managerial Revolution in American Business
  • +
  • An Empire of Wealth: The Epic History of American Economic Power
  • +
  • The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
Total price: $53.26
Buy the selected items together
NO_CONTENT_IN_FEATURE

New York Times best sellers
Browse the New York Times best sellers in popular categories like Fiction, Nonfiction, Picture Books and more. See more

Product Details

  • Paperback: 624 pages
  • Publisher: Belknap Press; unknown edition (January 1, 1993)
  • Language: English
  • ISBN-10: 0674940520
  • ISBN-13: 978-0674940529
  • Product Dimensions: 6.3 x 1.2 x 9.2 inches
  • Shipping Weight: 2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (13 customer reviews)
  • Amazon Best Sellers Rank: #463,494 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

By D. W. MacKenzie on May 31, 2008
Format: Paperback
The Visible Hand is so widely used that I had it as assigned reading in three separate graduate classes, in both Economics and History classes. The fact that economists and historians find this book so useful speaks to its best attributes. The Visible Hand examines business history from an economic perspective. Many historians have so little understanding of economics that they cannot sort out the economic angles of history. Chandler focuses on the right issues (accounting methods, finance, entrepreneurship, public policy, technology) and applies enough common sense economics to do some good analysis.

The main problem with The Visible Hand is that its theoretical analysis is limited to the more obvious common sense insights of economics. Chandler aims at contrasting the Invisible Hand of markets with the idea of conscious planning in organization. While there is much merit in this approach, there is more to the analysis of markets and organizations that you find in this book. Economists have discovered many subtle differences and similarities between markets and organizations, more than you find in The Visible Hand. Consequently, the quality of its analysis varies.

I agree with the emphasis that Chandler places on accounting methods. However, Chandler sees finance capitalism as phase, which gave way to managerial capitalism. I disagree with Chandler on so called managerial capitalism. He underestimates the importance of financial factors both between and within `managed' organizations, and misconstrues the nature of private sector bureaucracies. There are important differences between private and public bureaucracies of which Chandler seems unaware. Furthermore, Chandler does not fully appreciate the role of public policy in shaping modern American corporate organization.
Read more ›
2 Comments 29 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback
This superb book is an exceedingly well documented and well written description and analysis of the birth of a major contemporary institution, the modern corporation. As Chandler points out, this is an American story. The modern multiunit, vertically integrated corporation run by professional managers emerges in the USA and assumes its modern form by the eve of WWI. Chandler distinguishes carefully this form of "managerial" capitalism from other forms of capitalism. A major distinction is between this (and other) form(s) of large scale capitalism and a Smithian market capitalism characterized by multiple price interactions at many levels of production and distribution. In the large, integrated enterprises Chandler describes many of the market tranactions are replaced by internal, administratively managed transactions under the direction of specialist managers and central coordination. Hence the replacement of Smith's invisible hand with "The Visible Hand" of the title. Other alternative forms of large scale capitalism discussed by Chandler include "entrepreneurial capitalism" in which even large enterprises are dominated a single figure, a small number of figures, or a family, and "finance capitalism" in which enterprises are controlled by financiers as opposed to professional managers. Both these forms appear in various industries in Chandler's descriptions, often as precursors of modern corporations.
Chandler begins with a discussion of economic organization in the USA in the early 19th century, stressing that even with national expansion and improvement of waterborne transportation, the economy remained largely Smithian in nature. Chandler is something of a technological determinist.
Read more ›
Comment 21 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback
Chandler give a fascinating review of America's physical history, with emphasis on the development of the coal, railroad, steel, and telegraph industries in making the transportation and communication revolutions possible. The birth of this infrastructure made the rise of mass production and mass marketing possible. The most interesting changes which resulted were in the evolution of the managerial structure and science which became necessary, and which in turn made the transformation of our world possible. "Big business" became not only possible, but essential. That this was an evil system driven by greed is a myth. The book gives detailed descriptions of the birth and growth of many large companies including the big railroads, US Steel, Standard Oil, Singer, MacCormack, DuPont, etc. It is a fascinating narrative.
Comment 44 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback
This is basically the business history of the United States (in fact, I read this book for a class entitled that). It traces the story of how the visible hand of management in business replaced what Adam Smith called the invisible hand of market forces. The content is very in depth and only the most serious economic historian would find this a good book to read.
The book is divided into the following sections:
--The traditional processes of production and distribution (plantations, textile mills, factories, etc.)
--The revolution in transportation and communication
--The revolution in distribution and production
--The integration of mass production with mass distribution
--The management and growth of the modern industrial enterprise
It should be noted that Alfred Chandler, Jr. won the Pulitzer and Bancroft awards for this book.
Comment 43 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse

Most Recent Customer Reviews

Set up an Amazon Giveaway

The Visible Hand: The Managerial Revolution in American Business
Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more about Amazon Giveaway
This item: The Visible Hand: The Managerial Revolution in American Business