Creating Modern Capitalism: How Entrepreneurs, Companies, and Countries Triumphed in Three Industrial Revolutions
What explains the national economic success of the United States, Britain, Germany, and Japan? What can be learned from the long-term championship performances of leading business firms in each country? How important were specific innovations by individual entrepreneurs? And in the end, what is the true nature of capitalist development?The Pulitzer Prize‚e"winning historian Thomas K. McCraw and his coauthors present penetrating answers to these questions. Creating Modern Capitalism is the first book to explain for a broad audience the interconnections among technological innovation, management science, the power of entrepreneurship, and national economic growth. The authors approach each question from a comparative framework and with a unique triple focus on national economic systems, particular companies, and individual business leaders.Above all, the book focuses on how specific entrepreneurs influenced the economic success of their countries: Josiah Wedgwood and Henry Royce in Britain; August Thyssen and Georg von Siemens in Germany; Henry Ford, Alfred Sloan, and the two Thomas J. Watsons in the United States; Sakichi Toyoda, Masatoshi Ito, and Toshifumi Suzuki in Japan.The product of a three-year collaborative effort at the Harvard Business School, the book combines cutting-edge scholarship with a finely tuned sense of the art of management. It will engage general readers as well as those with a special interest in entrepreneurship and the evolution of national business systems.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Josiah Wedgwood and the First Industrial Revolution
British Capitalism and the Three Industrial Revolutions
RollsRoyce and the Rise of HighTechnology Industry
August Thyssen and German Steel
The Deutsche Bank
Toyoda Automatic Looms and Toyota Automobiles
Jeffrey R Bernstein
Thomas K McCraw
1O IBM and the Two Thomas J Watsons 349
About the Authors
7-Eleven American annual assets August Thyssen auto Automobile Industry Bank's became began Britain British Business History Cambridge University Press capitalism capitalist cars cartels Chandler Jr competition convenience stores Corporation countries Deutsche Bank domestic early Economic Growth Economic History Eiji Toyoda employees Enterprise Europe exports factory foreign franchise German German Economy Germany's Henry Ford Ibid IBM's important Industrial Revolution innovation International investment Ito-Yokado Japanese Automobile Industry Japanese firms Josiah Wedgwood keiretsu Kiichiro labor London machines manufacturing million modern Nazi Nissan nomic operations organization Oxford University Press percent political pottery production Reich retailers Rolls-Royce Royce Sakichi Sakichi Toyoda Second Industrial Revolution sector Seven-Eleven Japan share Siemens Sloan social Southland steel Suzuki Table textile Tokyo Toyoda Automatic Loom Toyota Motor trade union United Wedgwood MSS Wedgwood to Bentley workers World York zaibatsu