The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Penrose, Edith Tilton (1914–1996)

  • R. L. Marris
Reference work entry


Edith Penrose had a distinguished career in economics teaching, research and administration in the USA and the UK. From Johns Hopkins University she went to London University, where she became a professor; later she was Associate Dean of Research and Development at INSEAD in France. In administration she also rendered valuable service to the UK as chairman of the economics committee of the British Social Sciences Research Council. She retired in the mid-1980s.


Firm, growth of the Firm, theory of the Managerial capitalism Penrose effect Penrose, E. T. 

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  1. Marris, R.L. 1964. The economic theory of managerial capitalism. London: Macmillan; New York: Free Press.Google Scholar
  2. Uzawa, H. 1969. Time preference and the Penrose effect in a two-class model of economic growth. Journal of Political Economy 77: 628–652.CrossRefGoogle Scholar

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • R. L. Marris
    • 1
  1. 1.