Beyond strategy: A critical review of Penrose's 'single argument' and its implications for economic development

Richard K. Blundel

The European Journal of the History of Economic Thought, 2015, vol. 22, issue 1, 97-122

Abstract: This paper offers a critical review of the 'single argument' that underpins Edith Penrose's, The Theory of the Growth of the Firm , which was first published in 1959. (TGF). It aims to complement and counterpoint recent examinations of Penrose's influence on strategic management, and on the resource-based view in particular. The paper examines six components of the argument, tracing their interconnected 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 critique of contemporary liberalisation policies.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/09672567.2013.792364 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:eujhet:v:22:y:2015:i:1:p:97-122

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REJH20

DOI: 10.1080/09672567.2013.792364

Access Statistics for this article

The European Journal of the History of Economic Thought is currently edited by José Luís Cardoso

More articles in The European Journal of the History of Economic Thought from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().