1st Edition

The Growth of Firms, Middle East Oil and Other Essays

By Edith Penrose Copyright 1971
    345 Pages
    by Routledge

    345 Pages
    by Routledge

    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.

    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

    Biography

    Edith Penrose