The role of large-scale business enterprise--big business and its managers--during the formative years of modern capitalism (from the 1850s until the 1920s is delineated in this pathmarking book. Alfred Chandler, Jr., the distinguished business historian, sets forth the reasons for the dominance of big business in American transportation, communications, and the central sectors of production and distribution.
The managerial revolution, presented here with force and conviction, is the story of how the visible hand of management replaced what Adam Smith called the invisible hand of market forces. Chandler shows that the fundamental shift toward managers running large enterprises exerted a far greater influence in determining size and concentration in American industry than other factors so often cited as critical: the quality of entrepreneurship, the availability of capital, or public policy.
The visible hand The Economist BEATRICE WEBB grew up as a fervent believer in free markets and limited government. Her father was a self-made railway tycoon and her mother an ardent free-trader. One of her family's closest friends was Herbert Spencer, the leading philosopher of ... and more » |
Mortgage Rates: Record Lows and The Arrogance of the Fed Mortgage Rates & Trends (blog) The belief that the “visible hand” of government and academia can effectively guide the “invisible hand” of the market is arrogance of the highest order. Fed Chairman Bernanke admitted as much in his press conference yesterday when he stated that the ... and more » |
Business Today | India's best-performing CEOs Business Today Second, the prevalence of professional managers armed with MBA degrees suggests that the 'visible hand' of managerial capitalism may be playing an increasingly important role in the Indian economy. In essence, youth and education matter for CEO ... and more » |
Business Intelligence Middle East (press release) | INSEAD study reveals India's top-performing CEOs: Who made the list and what ... Business Intelligence Middle East (press release) “The prevalence of professional managers armed with MBA degrees suggests that the 'visible hand' of managerial capitalism may be playing an increasingly important role in the Indian economy.” There were two very interesting sets of results in the type ... |
Stanford Report | Railroad hyperbole echoes all the way down to the dot-com frenzy Stanford Report The two best-known and authoritative books on 19th-century American corporations are Robert Wiebe's The Search for Order and Alfred Chandler's The Visible Hand, White said both in his talk and in the introduction to his book. |
India's Top Performing CEOs Forbes ... and to transform them into business leaders,” says Vissa. “The prevalence of professional managers armed with MBA degrees suggests that the 'visible hand' of managerial capitalism may be playing an increasingly important role in the Indian economy.” |
ABC Online | Feminism: a shadow of its former self ABC Online ... free markets to discover new and innovative ways of satisfying the economic and social needs of women, and insidiously perpetuate the false idea that women cannot thrive without the visible hand of government preferment. As a result, feminism has ... and more » |
Fuel subsidy removal and its social discontent in Nigeria Vanguard Subsidy was an essential component of the economic theory of John Maynard Keynes which was a product of the post first World War recovery thinking of the need for the visible hand of government to regulate the forces of supply and demand from ... and more » |
Sempre più un capitalismo di stato, altro che mano invisibile Wall Street Italia La questione è affrontata dall'Economist, in un articolo dal titolo più che eloquente: "The visible hand", ovvero "la mano visibile". Firmato dal giornalista Adrian Wooldrige, l'editoriale parla dell'avvento di una nuova forma di "capitalismo di stato" ... |
