Sophus A. Reinert, Translating Empire: Emulation and the Origins of Political Economy
Rakesh Khurana, From Higher Aims to Hired Hands: The Social Transformation of American Business Schools and the Unfulfilled Promise of Management as a Profession
Anthony J. Mayo, Nitin Nohria, and Mark Rennella, Entrepreneurs, Managers, and Leaders: What the Airline Industry Can Teach Us About Leadership
Polaroid collection held at Baker Library’s Historical Collection
The Creating Emerging Markets project
A case study by Geoffrey Jones
David Moss, ed., Preventing Regulatory Capture: Special Interest Influence and How to Limit It (with Daniel Carpenter)
Geoffrey Jones, Beauty Imagined: A History of the Global Beauty Industry
Walter A. Friedman, Fortune Tellers: The Story of America’s First Economic Forecasters
Andrea Ryan, Gunnar Trumbull and Peter Tufano, “A Brief Postwar History of U.S. Consumer Finance”
Tom Nicholas, “Independent Invention During the Rise of the Corporate Economy in Britain and Japan”
Laura Phillips Sawyer, “Contested Meanings of Freedom: Workingmen’s Wages, the Company Store System, and the Godcharles v. Wigeman Decision”
enable educators, practitioners, and policymakers to learn from the past through rich and nuanced evidence on the key issues faced by the world today. Since the work of Joseph Schumpeter and the Research Center in Entrepreneurial History in the 1940s, Harvard has taken an interdisciplinary and global approach to understanding business history.
In this study of lending in the emergence of a modern steel industry in the United States, I analyze the evolving interaction between borrowers and lenders in historical context. I show how “relationship lending” (that is, credit allocation in which personal contacts play a major role) can go wrong, despite good intentions at the outset, and that institutional conditions exert an important influence on how lenders and borrowers negotiate conflicts. Particularly important in the case of Moses Taylor and Joliet Iron & Steel Company were the uncertain jurisdictions and political maneuvering that stemmed from structural peculiarities of the U.S. legal system, peculiarities that belie claims of its efficacy for protecting creditor interests. Although this failure of relationship lending might seem to imply negative consequences for economic development, I show that, at least in this case, the opposite interpretation is more compelling.
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During his forty-year tenure at Harvard Business School, the charismatic Doriot taught business and leadership in his celebrated Manufacturing course to nearly 7,000 students. Examine his career as a legendary educator, a founder of the modern venture capital industry, and a U.S. Army general during World War II.
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The current era of globalization, shifting economic power, and financial shocks have many echoes in past events, from which lessons can and should be learned. Business history provides rich and nuanced evidence on the key issues faced by the world today, including the drivers and consequences of globalization, the sources of innovation and entrepreneurship, the role of business in political systems, and the responsibilities of business to creating a more sustainable world. Harvard Business School has a unique record of investing in business history and asserting its role in management education. In 1927 it created the first endowed professorship in the field. It created the first journal in the field, the Business History Review, which it continues to host as the premier scholarly journal. This tradition continues in the current Business History Initiative, announced by Dean Nitin Nohria at the end of 2011. Our goal with the Initiative is to create a multidisciplinary center, international in orientation, for the study of the history of business and of capitalism. → More on Geoffrey Jones
Harvard Business School has a long and distinguished tradition of research in the history of business. Context is always crucial in business decisions. Learning from the past is a vital resource for business leaders. The new Business History Initiative reflects the School’s belief that history matters, to our students today, and to the future. → More on Nitin Nohria