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Chandler/The Visible Hand
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A 4 page book review that discusses Alfred D. Chandler's landmark text The Visible Hand which begins with the author explicitly stating its purpose, which is "to examine the changing processes of production and distribution in the United States and the ways in which they have been managed" (Chandler 1). Chandler's principal theme is that modern business enterprises have supplanted the market mechanisms described by Adam Smith as the "invisible hand" (Chandler 1). While the market remains the generator of demands for goods and services, market business enterprise has taken over the "functions of coordinating flows of good through existing processes of production and distribution" (Chandler 1). The writer summarizes and analyzes the remainder of the text, offering the opinion that the book richly deserves the accolades that it has received over the last three decades. No additional sources cited.
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Pages:
4
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Filename:D0_khvishnd.rtf |
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Paper Title:
Chandler/The Visible Hand
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