Abstract

The essay provides a review of Alfred Chandler's contribution to the theory of the firm in his three main works: Strategy and Structure (1962), The Visible Hand (1977) and Scale and Scope (1990). Focusing on the economic components of Chandler's analysis, it examines linkages to subsequent developments in the theory of the firm, including the resource based view. It discusses possible extensions of the Chandlerian perspective incorporating elements of capital market transaction cost theory.

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