Creating Modern Capitalism: How Entrepreneurs, Companies, and Countries Triumphed in Three Industrial Revolutions

Front Cover
Thomas K. McCraw
Harvard University Press, 1997 - Business & Economics - 711 pages
0 Reviews
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‚e"winning historian Thomas K. McCraw and his coauthors present penetrating answers to these questions. Creating Modern Capitalism is the first book to explain 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 unique 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.The product of a three-year collaborative effort at the Harvard Business School, the book combines cutting-edge scholarship with a finely tuned sense of the art of management. It will engage general readers as well as those with a special interest in entrepreneurship and the evolution of national business systems.
  

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Introduction
1
Josiah Wedgwood and the First Industrial Revolution
17
British Capitalism and the Three Industrial Revolutions
49
RollsRoyce and the Rise of HighTechnology Industry
94
German Capitalism
133
Jeffrey Fear
135
August Thyssen and German Steel
183
The Deutsche Bank
227
Toyoda Automatic Looms and Toyota Automobiles
396
Japanese Capitalism
439
Jeffrey R Bernstein
492
Thomas K McCraw
531
Time Lines
555
Notes
561
1O IBM and the Two Thomas J Watsons 349
639
About the Authors
684

Henry Ford Alfred Sloan
287
American Capitalism
301

Common terms and phrases

About the author (1997)

Thomas K. McCraw was Straus Professor of Business History Emeritus at Harvard Business School and winner of the Pulitzer Prize for History.

Bibliographic information