Description: The role of large-scale business enterprise--big business and its managers--during the formative years of modern capitalism (1850s-1920s) is delineated in this pathmarking book. Alfred Chandler, Jr., sets forth the reasons for the dominance of big business in American transportation, communications, and central sectors of production and distribution.
Brief description: Alfred D. Chandler, Jr., was Isidor Straus Professor of Business History at Harvard Business School.
Review Quotes: The Visible Hand is a revolutionary work. Business history in the past was largely about entrepreneurs--either as 'robber barons' or 'industrial statesmen.' Chandler shifts the spotlight from the promoters to the managers... The Visible Hand is a superb book--a triumph of creative synthesis.-- "New Republic"