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Con Pec 1999; 18:3-22
© 1999 Cambridge Political Economy Society

Article

Edith Elura Tilton Penrose: life, contribution and influence

P Penrose0 and C Pitelis1

0 Centre of International Business and Management Studies, Judge Institute of Management Studies, University of Cambridge, Cambridge, UK
1 Judge Institute of Management Studies and Queens' College, University of Cambridge, Cambridge, UK

Abstract

Forty years since the publication of The Theory of the Growth of the Firm, Edith Penrose's contribution to economics and business studies is currently receiving increasing acknowledgement and appreciation. Her ideas arguably dominate recent thinking, at least on the issue of the theory of the firm and strategic management. This introductory paper presents Penrose's live and assesses her contribution and influence so far.


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