Synopses & Reviews
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-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.
Review
This is by far the best textbook on comparative business history that has appeared to date, and it will no doubt be seized on eagerly by teachers in the field. Boston Globe
Review
Creating Modern Capitalism works well in the classroom. The cases raise important issues about the history of global business, and they stimulate students to think about world business today. I intend to continue assigning this book for the foreseeable future. Steven Tolliday - Business History
Review
Few thinkers have inquired more deeply into the historical roots of big business and big government than Alfred Chandler of the Harvard Business School. Here, his student, a Pulitzer Prize winner, pulls together a variety of great stories into a cohesive whole--from Josiah Wedgwood to the two Watsons of IBM to the saga of 7-Eleven stores in the United States and Japan. David Warsh
Description
Includes bibliographical references (p. 561-683) and index.
About the Author
Thomas K. McCraw was Straus Professor of Business History Emeritus at Harvard Business School and winner of the Pulitzer Prize for History.
Harvard Business School
Table of Contents
Introduction
Thomas K. McCraw
Josiah Wedgwood and the First IndustrialRevolution
Nancy F. Koehn
British Capitalism and the Three Industrial Revolutions
Peter Botticelli
Rolls-Royce and the Rise of High-Technology Industry
Peter Botticelli
German Capitalism
Jeffrey Fear
August Thyssen andGerman Steel
Jeffrey Fear
The Deutsche Bank
David A. Moss
Henry Ford, Alfred Sloan, and the Three Phases of Marketing
Thomas K. McCraw and Richard S. Tedlow
American Capitalism
Thomas K. McCraw
IBM and the TwoThomas J. Watsons
Rowena Olegario
Toyoda Automatic Looms and Toyota Automobiles
Jeffrey R. Bernstein
Japanese Capitalism
Jeffrey R. Bernstein
7-Eleven in America and Japan
Jeffrey R. Bernstein
Retrospect and Prospect
Thomas K. McCraw
Appendix
Notes
Index