Examines the processes of production and distribution in the U.S. and the ways in which their management has become increasingly systematized
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This very important work of historical synthesis by Harvard's premier business historian should be read not only by economists and historians, but also by middle and top managers of the modern, integrated corporation. "The Visible Hand" is a revolutionary work. Business history in the past was largely about entrepreneurs--either as 'robber barons' or 'industrial statesmen.' Chandler shifts the spotlight from the promoters to the managers..."The Visible Hand" is a superb book--a triumph of creative synthesis. Chandler's book is a major contribution to economics, as well as to business history, because it provides powerful insights into the ways in which the imperatives of capitalism shaped at least one aspect of the business world--its tendency to grow into giant companies in some industries but not into others. -- Robert L. Heilbroner "New York Review of Books"
The role of large-scale business enterprise-big business and its managers-during the formative years of modern capitalism is delineated for the first time in this pathmarking book.
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