Edith Penrose
| Edith Penrose | |
|---|---|
| Born |
November 15, 1914 Los Angeles, United States |
| Died | October 21, 1996 (aged 81) Waterbeach, Cambridgeshire, England |
| School | Resource-based view |
|
Main interests
|
economics, business |
|
Notable ideas
|
The theory of the growth of the firm |
Edith Elura Tilton Penrose (November 15, 1914 – October 11, 1996) was an American-born British economist whose best known work is The Theory of the Growth of the Firm, which describes the ways which firms grow and how fast they do. Writing in The Independent, the economist Sir Alec Cairncross stated that the book brought Dr. Penrose "instant recognition as a creative thinker, and its importance to the analysis of the job of management has been increasingly realized".
Edith Tilton was born on 29 November 1914 at Sunset Boulevard in Los Angeles. She received a bachelor's degree in 1936 from the University of California at Berkeley. In 1936 she married David Burton Denhardt, who died two years later in a hunting accident, leaving her with an infant son. She moved to Baltimore, and took her MA and PhD under the supervision of Fritz Machlup at Johns Hopkins University. In 1945 she married Ernest F. Penrose, a British-born economist and writer who had been one of her teachers at Berkeley. After working for the American Embassy in London, she received her doctorate in 1950. In 1984 Penrose received an honorary doctorate from the Faculty of Social Sciences at Uppsala University, Sweden. Her first book, Economics of the International Patent System, was published in 1951.
Dr. Penrose was a lecturer and research associate at Johns Hopkins University for many years. When fellow academic Owen Lattimore was accused by Senator Joseph McCarthy of being a Soviet spy, Penrose and her husband played a central role in his defence. Because of this experience, Penrose became disillusioned with the US and the couple went on sabbatical leave, first to the Australian National University in Canberra and then to Baghdad University.
...
Wikipedia