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Review Essay

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The Corporation and the Twentieth Century: The History of American Business Enterprise. By Richard N. Langlois. Princeton, NJ: Princeton University Press, 2023. 816 pp. Hardcover: $50.00. ISBN: 978-0-691-24698-7.

Published online by Cambridge University Press:  05 August 2024

Richard S. Tedlow
Richard S. Tedlow*
Affiliation:
MBA Class of 1949 Professor of Business Administration, Emeritus, Harvard Business School, Boston, MA, USA
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Type
Review Essay
Information
Business History Review , Volume 98 , Issue 1: Forms of Capitalism , Spring 2024 , pp. 333 - 341
Copyright
© 2024 The President and Fellows of Harvard College

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Footnotes

The author would like to thank Walter Friedman, Richard John, Geoff Jones, Tom Nicholas, and Mike Roberts for their advice.

References

1 Werner Sombart, “Capitalism,” Encyclopedia of Social Sciences [1930], p. 200, as quoted by Chandler, Visible Hand, p. 8.

2 Langlois, p. 648, fn51, referencing Andrei Shleifer and Robert W. Vishny, “Takeovers in the ’60s and ’80s: Evidence and Implications,” Strategic Management Journal 13 (Winter 1991): 56.

3 I am grateful to Walter Friedman for bringing this to my attention.

4 On this point, see Richard R. John’s outstanding essay “Elaborations, Revisions, Dissents: Alfred D. Chandler, Jr.’s, ‘The Visible Hand’ after Twenty Years, Business History Review 71, no. 2 [Summer 1997]: 160, n.27.

5 The phrase is Robert A. Burgelman’s. See “Fading Memories: A Process Theory of Strategic Business Exit in Dynamic Environments,” Administrative Science Quarterly 39, no. 1 [March 1994]: 24-56, cited in Burgelman, Strategy is Destiny: How Strategy-Making Shapes a Company’s Future (New York, 2002), 7, n.6.

6 Burgelman, Strategy is Destiny, 140, as quoted in Richard S. Tedlow, Andy Grove: The Life and Times of an American (New York, 2006), 224.

7 JR Research, “Intel: Dead Money Walking, Avoid,” 26 May 2023, Seeking Alpha, accessed 11 Oct. 2023, https://seekingalpha.com/article/4607609-intel-dead-money-walking-to-avoid.

8 Jack Flynn, “18 Average Screen Time Statistics [2023]: How Much Screen Time is Too Much?” 10 March 2023, Zippia, accessed 11 Oct. 2023, https://www.zippia.com/advice/average-screen-time-statistics/.