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The Visible Hand: The Managerial Revolution in American Business

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Click here to buy The Visible Hand: The Managerial Revolution in American Business by  Alfred D., Jr. Chandler. The Visible Hand: The Managerial Revolution in American Business
by Alfred D., Jr. Chandler
Sales Rank: 63820
4.0 out of 5 stars
List Price: $24.50
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on 4-14-2008.
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Features
  • Cover Type: Paperback with 624 pages
  • Published by: Belknap Press; New Ed edition January 1, 1993
  • Written in: English
  • ISBN 10 Number: 0674940520
  • ISBN 13 Number: 978-0674940529
  • Book Dimensions: 9.2 x 6.1 x 1.4 inches
  • Weighs: 1.4 pounds

    Product Review
    New York Review of Books : 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

    Library Journal : 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.

    New Republic : 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 managersThe Visible Hand is a superb book--a triumph of creative synthesis.

    New York Times Book Review : A monumental effort summarizing much of what is known about the rise of the managerial classChandler deserves a wide audience.
    --Susan Previant Lee

    Journal of Economic Issues : Alfred Chandler has produced an extremely valuable account of the development of the large managerial firm. How--and why--did the visible hand of management supersede the invisible hand of market coordination? The study provides a rich empirical basis for work on the new frontier of industrial organization concerned with the determinants of the boundaries of the firm and the nature of interorganizational coordination in the large region between impersonal markets and complete integration.
    --Victor P. Goldberg

    Economist : Business historians have tended to be more attracted by the great entrepreneurs--the robber barons of industry--than by the institutions they created. Professor Chandler has corrected this bias by writing a masterly account of the rise of the modern business enterprise and the methods of running it.

    Book Description


    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.

    Reader Reviews
    This is basically the business history of the United States (in fact, I read this book for a class entitled that). It traces the story of how the visible hand of management in business replaced what Adam Smith called the invisible hand of market forces. The content is very in depth and only the most serious economic historian would find this a good book to read. The book is divided into the following sections: --The traditional processes of production and distribution (plantations, textile mills, factories, etc.) --The revolution in transportation and communication --The revolution in distribution and production --The integration of mass production with mass distribution --The management and growth of the modern industrial enterprise It should be noted that Alfred Chandler, Jr. won the Pulitzer and Bancroft awards for this book. Comment | Permalink | (Report this)


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    Updated on 4-14-2008.
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