The Visible Hand

The Visible Hand
Author: Alfred D. Chandler Jr.
Publisher: Harvard University Press
Total Pages: 625
Release: 1993-01-01
Genre: Business & Economics
ISBN: 0674417682

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 Visible Hand

The Visible Hand
Author: Alfred D. Chandler Jr.
Publisher: Harvard University Press
Total Pages: 628
Release: 1993-01-01
Genre: Business & Economics
ISBN: 0674417690

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 Visible Hand
Author: Alfred D. Chandler Jr.
Publisher: Belknap Press
Total Pages: 628
Release: 1977
Genre: Business & Economics
ISBN: 9780674940512

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.

Visible Hand

Visible Hand
Author: Matthew Hennessey
Publisher: Encounter Books
Total Pages: 126
Release: 2022-04-12
Genre: Business & Economics
ISBN: 1641772387

To most people, the word "economics" sounds like homework. In Visible Hand, Wall Street Journal op-ed editor Matthew Hennessey brings basic economic principles vividly to life in plain English, without resort to numbers, graphs, or jargon. This isn't Fed policy or the stock market. This is the essential stuff: supply and demand, incentives and tradeoffs, scarcity and innovation, work and leisure. A teenager should be able to discuss these things intelligently. Sadly, too few of us can explain them even in adulthood. Visible Hand equips readers with the essential vocabulary necessary to understand and explain how we make the choices we do. In Hennessey's hands, economics is far from the dismal science. It's the sparkling art of decision making. No homework necessary.

The Invisible Hand

The Invisible Hand
Author: Adam Smith
Publisher: Penguin UK
Total Pages: 102
Release: 2008-08-07
Genre: Business & Economics
ISBN: 0141963352

Adam Smith’s landmark treatise on the free market paved the way for modern capitalism, arguing that competition is the engine of a productive society, and that self-interest will eventually come to enrich the whole community, as if by an ‘invisible hand’. Throughout history, some books have changed the world. They have transformed the way we see ourselves – and each other. They have inspired debate, dissent, war and revolution. They have enlightened, outraged, provoked and comforted. They have enriched lives – and destroyed them. Now Penguin brings you the works of the great thinkers, pioneers, radicals and visionaries whose ideas shook civilization and helped make us who we are.

Regulating the Visible Hand?

Regulating the Visible Hand?
Author: Benjamin L. Liebman
Publisher: Oxford University Press, USA
Total Pages: 481
Release: 2016
Genre: Business & Economics
ISBN: 0190250259

This text examines the domestic and global consequences of Chinese state capitalism, focusing on the impact of state-owned enterprises on regulation and policy, while placing China's variety of state capitalism in comparative perspective.

The Guidance of an Enterprise Economy

The Guidance of an Enterprise Economy
Author: Martin Shubik
Publisher: MIT Press
Total Pages: 591
Release: 2016-09-23
Genre: Business & Economics
ISBN: 0262034638

A rigorous theory of money, credit, and bankruptcy in the context of a mixed economy, uniting Walrasian general equilibrium with macroeconomic dynamics and Schumpeterian innovation. This book offers a rigorous study of control, guidance, and coordination problems of an enterprise economy, with attention to the roles of money and financial institutions. The approach is distinctive in drawing on game theory, methods of physics and experimental gaming, and, more generally, a broader evolutionary perspective from the biological and behavioral sciences. The proposed theory unites Walrasian general equilibrium with macroeconomic dynamics and Schumpeterian innovation utilizing strategic market games. Problems concerning the meaning of rational economic behavior and the concept of solution are noted. The authors argue that process models of the economy can be built that are consistent with the general equilibrium system but become progressively more complex as new functions are added. Explicit embedding of the economy within the framework of government and society provides a natural, both formal and informal, control system. The authors describe how to build and analyze multistate models with simple assumptions about behavior, and develop a general modeling methodology for the construction of models as playable games.

Nation, State and the Industrial Revolution

Nation, State and the Industrial Revolution
Author: Lars Magnusson
Publisher: Routledge
Total Pages: 196
Release: 2009-09-10
Genre: Business & Economics
ISBN: 1135256640

This book puts the industrial revolution in a political and institutional context of state-making and the creation of modern national states, demonstrating that industrial transformation was connected to state and military interests.

Development Centre Studies The Visible Hand of China in Latin America

Development Centre Studies The Visible Hand of China in Latin America
Author: OECD Development Centre
Publisher: OECD Publishing
Total Pages: 164
Release: 2007-04-18
Genre:
ISBN: 9264028382

Latin America is looking towards China and Asia -- and China and Asia are looking right back. This is a major shift: for the first time in its history, Latin America can benefit from not one but three major engines of world growth. Until the 1980s ...