The role of large-scale business enterprise%u2014big business and its managers%u2014during the formative years of modern capitalism (1850s%u20131920s) is delineated in this pathmarking book. Alfred Chandler, Jr., sets forth the reasons for the dominance of big business in American transportation, communications, and central sectors of production and distribution. Piece(s) of the spine missing. Due to age and/or environmental conditions, the pages of this book have darkened. Moderate edgewear on the boards. Binding is moderately loose. Some pages are falling out. Please note the image in this listing is a stock photo and may not match the covers of the actual item.

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Bibliographic Details

Title: The Visible Hand
Publisher: Harvard University Press
Publication Date: 1977
Language: English
ISBN 10: 0674940520
ISBN 13: 9780674940529
Binding: Paperback
Condition: Good
Dust Jacket Condition: No Jacket
Book Type: Book

About this title

Synopsis

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.

About the Author

Alfred D. Chandler, Jr., was Isidor Straus Professor of Business History at Harvard Business School.

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