The Growth of Firms, Middle East Oil and Other Essays: 1st Edition (Paperback) book cover

The Growth of Firms, Middle East Oil and Other Essays

1st Edition

By Edith Penrose


336 pages

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Paperback: 9780367174125
pub: 2020-04-09
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Published in 1971: At first glance it might seem that the three subjects dealt with in the essays written over the last twenty years and now collected in this volume could hardly be more diverse, beginning with the growth of the firm and moving from the international petroleum industry to the Middle East generally. Oddly enough, however, these subjects are connected by the same type of historical logic that characterizes the diversification of an industrial firm: the logic in the simple principle that one thing leads to another.

Table of Contents

Section 1: Growth of Firms and Private Foreign Investment 1. Biologival Analogies in the Theory of the Firm With Comment by A. A. Alchian and Stephen Enke, and Rejoinder 2. Limits to the Growth and Size of Firms 3. The Growth of the Firm: A Case Study, The Hercules Powder Company 4. Foreign Investment and the Growth of the Firm 5. Problems Associated with the Growth of International 6. International Economic Relations and the Large International Firm 7. The State and the Multinational Enterprise in Less Developed Countries Section 2: Multinational Firms in the International Petroleum Industry 8. Middle East Oil: The International Distribution of Profits and Income Taxes 9. Profit Sharing between Producing Countries and Oil Companies in the Middle East 10. Monopoly and Competition in the International Petroleum Industry 11. Vertical Integration with Joint Control of Raw Material Production: Crude Oil tin the Middle East 12. Government Partnership in the Major Concessions of the Middle East: The Nature of the Problem 13. OPEC and the Changing Structure of the International Petroleum Industry 14. The Role of OPEC in Changing Circumstances Section 3: Middle East Essays 15. Economic Development and the State--A Review Article 16. Money, Prices, and Economic Expansion in the Middle East, 1952-1960 17. Oil and State in Arabia 18. Iran as a Pacemaker in Middle East Oil 19. A Note on Development Planning and the Role of the Enterprise, with Special Reference to Egypt Section 4 Economics and the Aspirations of Le Tiers Monde--An Inaugural Lecture

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