Abstract
Abstract So far as I know, no economist has as yet attempted a general theory of the growth of firms. This seems to me so very strange that I am sure anyone attempting it should indeed watch his (or her) step, for naturally there is always a good reason for what economists do or do not do. Perhaps such a theory is impossible to construct, unnecessary, trivial, or outside the pale of economics proper. I do not know, but I offer this study in the hope that all four possibilities will be rejected.
Keywords
Diversification (marketing strategy)Dominance (genetics)EconomicsGrowth theoryPosition (finance)Market economyIndustrial organizationEconomic systemEconomic geographyMonetary economicsBusinessNeoclassical economicsFinance
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Publication Info
- Year
- 1997
- Type
- book
- Volume
- 29
- Issue
- 4
- Pages
- 27-39
- Citations
- 13321
- Access
- Closed
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Cite This
Edith Penrose
(1997).
The Theory of the Growth of the Firm.
Long Range Planning
, 29
(4)
, 27-39.
https://doi.org/10.1093/oso/9780198781806.003.0003
Identifiers
- DOI
- 10.1093/oso/9780198781806.003.0003