Article: Obituaries: Professor Edith Penrose

Few women have had as distinguished a record as an economist as Edith Penrose. She was influential in the affairs of many countries and provided many new ideas on management, patents and petroleum, as a writer, as a member of committees and as a university professor.

Her best known book, The Theory of the Growth of the Firm, published in 1959, brought her instant recognition as a creative thinker, and its importance to the analysis of the job of management has been increasingly realised. Earlier, she had published in 1951 a study of the economics of the international patents system. In 1968 she produced a book on the international petroleum industry, following it with a collection of essays ...

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