Creating Modern Capitalism

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 co-authors present answers to these questions. The book explains, 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 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.

ISBN 0674175565   DEWEY edition DC21 ISBN13 9780674175563 (What's this?)   Pages 760 Publisher Harvard University Press   Volumes 1 Imprint Harvard University Press   Weight (grammes) 1012 Format Paperback   Published in Cambridge, Mass Publication date 30 Jan 1998   Height (mm) 229 Non-book description xii, 711 p. :   Width (mm) 178 Writer of introduction Thomas K. McCraw   Spine width (mm) 41 Library of Congress HB501.C785   Academic level Undergraduate, Postgraduate, Professional / Scholarly DEWEY 338.09

Introduction Thomas K. McCraw Josiah Wedgwood and the First Industrial Revolution 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 and German 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 Two Thomas 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

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 Boston Globe 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. -- Steven Tolliday Business History 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. -- Mansel G. Blackford Business History Review 20070401

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