Issue 4, 2002

Teece D. J. The Dynamics of Industrial Capitalism: Perspectives on Alfred Chandler’s Scale and Scope

This article is a review essay of one of the most important works written by Alfred D. Chandler, leading business historian of the late XX century. Major topics and propositions of the treatise are analyzed. The logic of managerial capitalism is examined in detail. The attempt to link the Chandler's approach with the nonorthodox literature in competitiveness, organizational economics, and business strategy is undertaken. The importance of expansion of the economic theory towards the firm-level strategies and structures analysis is emphasized.

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