"In recent years economists and historians have increasingly turned their attention to modern economic institutions. Economists such as Edward S. Mason, A. D. H. Kaplan, John Kenneth Galbraith, Oliver E. Williamson, William J. Baumol, Robin L. Marris, Edith T. Penrose, Robert T. Averitt, and R. Joseph Monsen, following the pioneering work of Adolph A. Berle, Jr., and Gardiner C. Means, have studied the operations and actions of modern business enterprise. They have not attempted, however, to examine its historical development, nor has their work yet had a major impact on economic theory. The firm remains essentially a unit of production, and the theory of the firm a theory of production."
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Academics from the United StatesHarvard University alumniEconomists from the United StatesHarvard University facultyPeople from Iowa
Original Language: English
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Alfred D. Chandler, Jr. The Visible Hand (1977) p. 5
https://en.wikiquote.org/wiki/Edward_S._Mason
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Edward S. Mason
(February 22, 1899 – February 29, 1992) was an American economist and professor at Harvard University. He was the Dean of the Graduate School of Public Administration, now known as the John F. Kennedy School of Government, from 1947 to 1958. He was the president of the American Economic Association in 1962. He became known for his work in industrial organization, an area in which provided direct inspiration to Joe Bain for his SCP model, and in development economics.
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