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Economic Maturity And Entrepreneurial Decline
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Book Synopsis Economic Maturity and Entrepreneurial Decline by : Deirdre N. McCloskey
Download or read book Economic Maturity and Entrepreneurial Decline written by Deirdre N. McCloskey and published by Harvard University Press. This book was released on 1973 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is often alleged that late Victorian businessmen in Britain displayed little of the vigor of their fathers in competition with the new industrial powers of the late nineteenth century, Germany and the United States. This allegation has been the foundation for a great many interpretations of the end of British domination over the world's economic life and of the economic difficulties that Britain has faced subsequently. The British iron and steel industry is taken traditionally as the prime example of entrepreneurial decline. Mr. McCloskey shows, however, that businessmen in the industry performed on most counts as well as their German and American counterparts. The lack of evidence of entrepreneurial failure in the industry casts serious doubt on the importance of the entrepreneurial factor in Britain's relative decline. It suggests, indeed, that the supposed failure was a mere reflex of Britain's early attainment of economic maturity and the contemporaneous drive to maturity of Germany and the United States. McCloskey uses relatively uncomplicated economic tools to establish these points. The central tool is the measurement of total factor productivity in the iron and steel industry in Britain and abroad. It is supplemented by analyses of supply and demand (to remove the influence of slowly growing demand at home from the record of the British industry): of the profitability of adopting the basic open hearth process of steelmaking (to show that the slowness of Britain to adopt it-which has been the keystone of the case for entrepreneurial failure-was economically rational); and of the competitiveness of the industry's markets (to validate use of these simple tools). The book is based on a thorough study of the trade newspapers of the industry, its scientific journals, its statistical annuals, and the many reports of the British government and contemporary observers on its activities. It combines, therefore, the virtues of the "old" and the 'new" economic history. And although the book is historical, its conclusions are relevant to any study of economic growth past or present, in particular to the study of the role of entrepreneurship. This book, a revision of Mr. McCloskey's Ph.D. dissertation, was awarded the David A. Wells Prize for l970-7l. The author is Associate Professor of Economics, The University of Chicago.
Book Synopsis Economic Maturity and Entrepreneurial Decline by : Donald N. McCloskey
Download or read book Economic Maturity and Entrepreneurial Decline written by Donald N. McCloskey and published by . This book was released on 2013-10-01 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is often alleged that late Victorian businessmen in Britain displayed little of the vigor of their fathers in competition with the new industrial powers of the late nineteenth century, Germany and the United States. This allegation has been the foundation for a great many interpretations of the end of British domination over the world's economic life and of the economic difficulties that Britain has faced subsequently. The British iron and steel industry is taken traditionally as the prime example of entrepreneurial decline. Mr. McCloskey shows, however, that businessmen in the industry performed on most counts as well as their German and American counterparts. The lack of evidence of entrepreneurial failure in the industry casts serious doubt on the importance of the entrepreneurial factor in Britain's relative decline. It suggests, indeed, that the supposed failure was a mere reflex of Britain's early attainment of economic maturity and the contemporaneous drive to maturity of Germany and the United States. McCloskey uses relatively uncomplicated economic tools to establish these points. The central tool is the measurement of total factor productivity in the iron and steel industry in Britain and abroad. It is supplemented by analyses of supply and demand (to remove the influence of slowly growing demand at home from the record of the British industry): of the profitability of adopting the basic open hearth process of steelmaking (to show that the slowness of Britain to adopt it-which has been the keystone of the case for entrepreneurial failure-was economically rational); and of the competitiveness of the industry's markets (to validate use of these simple tools). The book is based on a thorough study of the trade newspapers of the industry, its scientific journals, its statistical annuals, and the many reports of the British government and contemporary observers on its activities. It combines, therefore, the virtues of the "old" and the 'new" economic history. And although the book is historical, its conclusions are relevant to any study of economic growth past or present, in particular to the study of the role of entrepreneurship. This book, a revision of Mr. McCloskey's Ph.D. dissertation, was awarded the David A. Wells Prize for l970-7l. The author is Associate Professor of Economics, The University of Chicago.
Book Synopsis Economic Maturity and entrepreneurial decline by :
Download or read book Economic Maturity and entrepreneurial decline written by and published by . This book was released on 1973 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Entrepreneurial Strategy by : Lucio Cassia
Download or read book Entrepreneurial Strategy written by Lucio Cassia and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Entrepreneurial Strategy aims to revive the debate on the role of entrepreneurship in the context of mature business. The authors contend that mature and declining industries are increasingly dominated by the negative pressure of external factors but they are also embedded with a potential renewed role for entrepreneurship because the industry forces as a whole tend to break up, leaving space for strategic business innovation.
Book Synopsis Maturity and Stagnation in American Capitalism by : Josef Steindl
Download or read book Maturity and Stagnation in American Capitalism written by Josef Steindl and published by NYU Press. This book was released on 1976 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Details a pattern of development and investment in the American economy that produces diminished growth and increased stagnation.
Book Synopsis Enterprise and Trade in Victorian Britain by : D. N. McCloskey
Download or read book Enterprise and Trade in Victorian Britain written by D. N. McCloskey and published by Routledge. This book was released on 2013-10-16 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this book focus on the controversies concerning Britain's economic performance between the mid-nineteenth century and the First World War. The overriding theme is that Britain's own resources were consistently more productive, more resilient and more successful than is normally assumed. And if the economy's achievement was considerable, the influence on it of external factors (trade, international competition, policy) were much less significant than is normally supposed. The book is structured as follows: Part One: The Method of Historical Economics Part Two: Enterprise in Late Victorian Britain Part Three: Britain in the World Economy, 1846-1913.
Book Synopsis Why Startups Fail by : Tom Eisenmann
Download or read book Why Startups Fail written by Tom Eisenmann and published by Currency. This book was released on 2021-03-30 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you want your startup to succeed, you need to understand why startups fail. “Whether you’re a first-time founder or looking to bring innovation into a corporate environment, Why Startups Fail is essential reading.”—Eric Ries, founder and CEO, LTSE, and New York Times bestselling author of The Lean Startup and The Startup Way Why do startups fail? That question caught Harvard Business School professor Tom Eisenmann by surprise when he realized he couldn’t answer it. So he launched a multiyear research project to find out. In Why Startups Fail, Eisenmann reveals his findings: six distinct patterns that account for the vast majority of startup failures. • Bad Bedfellows. Startup success is thought to rest largely on the founder’s talents and instincts. But the wrong team, investors, or partners can sink a venture just as quickly. • False Starts. In following the oft-cited advice to “fail fast” and to “launch before you’re ready,” founders risk wasting time and capital on the wrong solutions. • False Promises. Success with early adopters can be misleading and give founders unwarranted confidence to expand. • Speed Traps. Despite the pressure to “get big fast,” hypergrowth can spell disaster for even the most promising ventures. • Help Wanted. Rapidly scaling startups need lots of capital and talent, but they can make mistakes that leave them suddenly in short supply of both. • Cascading Miracles. Silicon Valley exhorts entrepreneurs to dream big. But the bigger the vision, the more things that can go wrong. Drawing on fascinating stories of ventures that failed to fulfill their early promise—from a home-furnishings retailer to a concierge dog-walking service, from a dating app to the inventor of a sophisticated social robot, from a fashion brand to a startup deploying a vast network of charging stations for electric vehicles—Eisenmann offers frameworks for detecting when a venture is vulnerable to these patterns, along with a wealth of strategies and tactics for avoiding them. A must-read for founders at any stage of their entrepreneurial journey, Why Startups Fail is not merely a guide to preventing failure but also a roadmap charting the path to startup success.
Book Synopsis Industrial Structure, Capital Markets and the Origins of British Economic Decline by : William Paca Kennedy
Download or read book Industrial Structure, Capital Markets and the Origins of British Economic Decline written by William Paca Kennedy and published by CUP Archive. This book was released on 1987-07-09 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Managing Industrial Decline by : Michael Dintenfass
Download or read book Managing Industrial Decline written by Michael Dintenfass and published by Ohio State University Press. This book was released on 1992 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Industrial Decline examines the dramatic decline of the British coal industry through the lens of comparative business history, challenging the prevailing belief that the industry's decline was due primarily to global economic factors and instead demonstrating that entrepreneurial failings of individual coal firms contributed significantly to the problem. Through a comparative analysis of company histories, Dintenfass shows how the full range of business operations at British coal firms, including labor management policies, technological choices, and marketing practices, affected their performance. The histories of individual firms demonstrate that the managements could improve productivity, increase sale prices, and sustain profitability, even as the coal trade succumbed to cyclical depression and secular decline. According to Dintenfass, comparisons between the individual firms and the regional coal industries to which they belonged show that neighboring firms were slow to introduce the modest innovations that the successful firms pioneered. Since there were few barriers to the implementation of these strategies, it appears that Britain's coal masters miscalculated their costs and benefits, contributing to the problem by failing to adopt inexpensive and accessible second-best solutions to production and commercial problems. Managing Industrial Decline, breaks new ground in the field of business history and restores entrepreneurship to its proper place in the analysis of industrial decline.
Book Synopsis Entrepreneurship, Small and Medium-Sized Enterprises and the Macroeconomy by : Zoltan J. Acs
Download or read book Entrepreneurship, Small and Medium-Sized Enterprises and the Macroeconomy written by Zoltan J. Acs and published by Cambridge University Press. This book was released on 1999 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was originally published in 1999. At this time, the US economy had recently restructured itself, moving away from an industrial economy towards one based on information, while the European Union and Japan were left to worry about rising government deficits, inflexible businesses, persistent unemployment, and workers inadequately trained for the information age. Why did the US economy move beyond its chief competitors? This collection suggests that at least some of the answers to the pattern of divergent development can be found in the role of the entrepreneur. By examining the process that entrepreneurs play in the economy, the essays in this volume make a fundamental contribution to our understanding of the macroeconomy. Each chapter clarifies the role of entrepreneur in economic theory, the function of small and medium-size enterprises that they found and build and the impact of the innovations introduced on employment, productivity, and economic growth.
Book Synopsis The Decline of British Economic Power Since 1870 by : M.W. Kirby
Download or read book The Decline of British Economic Power Since 1870 written by M.W. Kirby and published by Routledge. This book was released on 2013-11-05 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was first published in 1981.
Book Synopsis New Perspectives on the Late Victorian Economy by : James Foreman-Peck
Download or read book New Perspectives on the Late Victorian Economy written by James Foreman-Peck and published by Cambridge University Press. This book was released on 2003-08-28 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book focuses upon industrial organisation and technology, wages and living standards, and the monetary system.
Book Synopsis Comparative Political Economy by : Charles P. Kindleberger
Download or read book Comparative Political Economy written by Charles P. Kindleberger and published by MIT Press. This book was released on 2003-01-01 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays collected here reflect the author's shift in interests from foreign exchange to international trade, economic growth, and economic history, especially financial history. Charles P. Kindleberger's rich and distinguised career has spanned nearly six decades. The essays collected here reflect the author's shift in interests from foreign exchange to international trade, economic growth, and economic history, especially financial history. They also contain dollops of sociology and political science. Kindleberger views himself as a historical economist who tests economic propositions against the historical record in more than one setting. The collection contains many of the jewels of Kindleberger's work. Most of the papers are strong on comparison (within Western Europe and between Europe and the United States), on economic or financial history, and on social science beyond the confines of economics.
Book Synopsis The British Industrial Decline by : Michael Dintenfass
Download or read book The British Industrial Decline written by Michael Dintenfass and published by Routledge. This book was released on 2002-11 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sets out the present state of the discussion of the decline in British industry and introduces new directions in which the debate is now proceeding.
Book Synopsis A Bibliography of Historical Economics to 1980 by : Deirdre N. McCloskey
Download or read book A Bibliography of Historical Economics to 1980 written by Deirdre N. McCloskey and published by Cambridge University Press. This book was released on 1990 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historians and economists will find here what their fields have in common - the movement since the 1950s known variously as 'cliometrics', 'economic history', or 'historical economics'. A leading figure in the movement, Donald McCloskey, has compiled, with the help of George Hersh and a panel of distinguished advisors, a highly comprehensive bibliography of historical economics covering the period up until 1980. The book will be useful to all economic historians, as well as quantitative historians, applied economists, historical demographers, business historians, national income accountants, and social historians.
Book Synopsis Understanding Decline by : P. F. Clarke
Download or read book Understanding Decline written by P. F. Clarke and published by Cambridge University Press. This book was released on 1997-12-11 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The theme of British economic decline is inescapable in contemporary debates about Britain's economic performance and sense of national identity. Understanding Decline is a serious contribution to an important argument, approached in a way that is accessible not only to the specialist academic market but to students of economics, history and politics. Barry Supple, to whom the volume is dedicated, when Professor of Economic History at Cambridge was concerned with various aspects of this historical problem. Indeed, his 1993 Presidential Address to the Economic History Society, 'Fear of failing', already a classic, is reprinted here as a highly effective keynote essay. Other essays pick up this theme in diverse but essentially unified ways, seeking to assess British economic performance in different ways over the past two centuries. They include case-studies through which the reality of decline can be explored, while differing perceptions of decline are examined in a number of essays dealing with ideas and policy issues.
Book Synopsis The Decline of Industrial Britain by : Michael Dintenfass
Download or read book The Decline of Industrial Britain written by Michael Dintenfass and published by Routledge. This book was released on 2006-02 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first synthesis of Britain's long-term economic performance in more than a decade, this book examines why British economic growth has failed to keep pace with the performance of the other advanced industrial economies since 1870.
