Connecting the Study of Entrepreneurship and Theories of Capitalist Progress: An Epilog

  • Rita Gunther McGrath
  • Sameeksha Desai
Part of the International Handbook Series on Entrepreneurship book series (IHSE, volume 5)


In the beginning was the corporation. Or so it seems, as it is pointed out in the first chapter of this handbook. However, the “modern industrial corporation” is a relatively recent invention in historical terms. Chandler (1990) dates its emergence to the last-half of the nineteenth century, when advances in transportation and communications both enabled and demanded the formation of large corporations managed by professionals. Such corporations came to represent the engines of national economic growth and of individual wealth creation in countries whose very membership in the group of industrialized nations speaks to the success of this organizational form (Acs, Introduction, this volume; Baumol, 2002).


Corporate Social Responsibility Entrepreneurial Activity Real Option Social Enterprise Social Entrepreneurship 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  1. 1.Columbia University Graduate School of BusinessNew YorkUSA
  2. 2.University of Missouri-Kansas CityKansas CityUSA

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