Learning and Technological Change: The Perspective from Business History

  • Alfred D. ChandlerJr


At the core of business history is the firm. There the practices and activities of business are developed, modified and reshaped. There the processes of industrial production, distribution, communication and finance are carried on in modern capitalistic economies. And there much of the learning so central to technological change takes place. To paraphrase Joseph Schumpeter, capitalism has been an engine for technological change and for-profit firms in rivalrous competition are the featured actors in this evolutionary drama (1942, Chapters 6–8). The primary role of the business firm in technological change has been that of the development, not the discovery, of new products and processes.


Technological Change Entrepreneurial Firm Mainframe Computer Business Firm Sales Force 
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Copyright information

© Ross Thomson 1993

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  • Alfred D. ChandlerJr

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