PENROSE (Edith).
The Growth of Firms, Middle East Oil and Other Essays.
A collection of articles by the renowned American-born British economist Edith Penrose, best-known for her seminal work The Theory of the Growth of the Firm (1959), which single-handedly reinvented the entire theory of the firm in economics.
The present collection includes Penrose’s important early article on ‘Foreign Investment and the Growth of the Firm’, originally published in the Economic Journal in 1956, as well as articles reflecting her later career interest in multinationals in general and oil companies in particular, with an entire section devoted to essays on the Middle East.
A review copy, from the library of Major General Sir Philip Ward (1924-2003), with the publisher’s review slip and a carbon copy of Ward’s review of the book loosely inserted. Ward was a senior British Army officer who, as Commander Land Forces, Gulf, oversaw Britain’s withdrawal from the Persian Gulf in the 1970s.
