1st Edition
Edith Penrose’s Legacy Shaping Economics, Management, and Political Economy
Preface - Edith Penrose: Legacy and Impact
Jonathan Michie
1. Edith Penrose’s influence on economic analysis, strategic management and political economy
Jonathan Michie and Christine Oughton
2. Edith Penrose and the Penrose Lectures
Kofi Adjepong-Boateng and Christine Oughton
3. Patents, innovation, and development
Bronwyn H. Hall
4. Collective value creation: A new approach to stakeholder value
Mariana Mazzucato
5. Is the most unproductive firm the foundation of the most efficient economy? Penrosian learning confronts the neoclassical fallacy
William Lazonick
6. The story of flight
John Kay
7. Captive markets and climate change: Revisiting Edith Penrose’s analysis of the international oil firms in the era of climate change
Damian Tobin
8. Complementarities between product and process innovation and their effects on employment: A firm-level analysis of manufacturing firms in Colombia
Juana Paola Bustamante Izquierdo
9. Penrose’s theory of the firm in an era of globalisation
Chia Huay Lau and Jonathan Michie
10. Necessary and sufficient conditions for the absorptive capacity of firms that interact with universities
Júlio Eduardo Rohenkohl, Andreia Cunha da Rosa, Janaina Ruffoni and Orlando Martinelli
11. Profit rate dynamics in US manufacturing
Michael Joffe
12. What is Edith Penrose’s legacy for the theory of the firm?
Irene Roele and Sonja Ruehl
13. Regulating stock buybacks: The $6.3 trillion question
Lenore Palladino and William Lazonick
14. The life and times of Edith Penrose
Jonathan Michie
Biography
Jonathan Michie is Professor of Innovation and Knowledge Exchange at the University of Oxford, where he is also Pro-Vice-Chancellor and President of Kellogg College. He is the managing editor of the International Review of Applied Economics, and Chair of the Universities Association for Lifelong Learning.
Christine Oughton is Professor of Management Economics at SOAS University of London. Her research focuses on innovation, environmental management & economics, corporate governance, financial inclusion and growth. She has published widely on innovation, environmental management & economics, governance and growth.
