Beyond strategy: a critical review of Penrose’s ‘single argument’ and its implications for economic development

Blundel, Richard (2013). Beyond strategy: a critical review of Penrose’s ‘single argument’ and its implications for economic development. The European Journal of the History of Economic Thought (In press).

Full text available as:

Due to copyright restrictions, this file is not available for public download
Click here to request a copy from the OU Author.

Google Scholar:	Look up in Google Scholar

Abstract

This paper offers a critical review of the ‘single argument’ that underpins Penrose’s (1959) study, The Theory of the Growth of the Firm (TGF) It aims to complement and counter-point recent examinations of Penrose’s influence on strategic management, and on the resource-based view (RBV) in particular, including Jacobsen’s (2011) study. The paper examines six components of the argument, tracing their inter-connected journey towards TGF’s relatively neglected final chapters, which address the economic consequences of the growth of large firms. It also reflects on the implications for economic development research, with reference to Penrose’s later (1992) critique of contemporary liberalisation policies.

Item Type:	Journal Article
Copyright Holders:	2013 Routledge
ISSN:	1469-5936
Keywords:	Edith Penrose; firms; growth; economic development
Academic Unit/Department:	Open University Business School
Related URLs:	http://www.tandfonline.com/loi/rejh20(Other)
Item ID:	34242
Depositing User:	Richard Blundel
Date Deposited:	28 Aug 2012 12:52
Last Modified:	27 Oct 2012 22:51
URI:	http://oro.open.ac.uk/id/eprint/34242

Actions (login may be required)

	View Item
	Public: Report issue / request change

Policies | Disclaimer