Christos Pitelis is Director of the Centre for International Business and Management at the Judge Institute of Management Studies, Cambridge University. He is also Director of Studies in Management and Fellow in Economics at Queens' College, Cambridge. He has taught at the universities of Warwick, Nottingham, St. Andrews, and Athens, and has been visiting professor in China, Eastern Europe, and Latin America. He has consulted extensively and coordinated projects for governments, the European Commission, the United Nations, the Commonwealth Secretariat, and the private sector. He has been adviser to the Greek Minister of Industry and Development. He is author and editor of ten books, over seventy articles in academic journals and books, and has contributed papers to more than sixty conferences worldwide.

Presents a good balance in terms of perspectives and content ... should appeal to a large audience of scholars from multiple disciplines, including business history, organizational economics, international business, and strategic management.

• 1. Introduction and Overview ; 2. Edith Elura Tilton Penrose: Life, contribution, and influence ; 3. Mrs Penrose and Neoclassical Theory ; 4. The Significance of Penrose's Theory for the Development of Economics ; 5. Edith Penrose and Economics ; 6. Hercules and Penrose ; 7. The Growth of New Ventures: Analysis after Penrose ; 8. A Theory of the (Growth of the) Transnational Firm: A Penrosean perspective ; 9. Edith Penrose, Economics, and Strategic Management ; 10. Edith T. Penrose and Ronald H. Coase on the Nature of the Firm and the Nature of Industry ; 11. Regional Growth Dynamics: A capabilities perspective ; 12. Mismatching by Design: Explaining the dynamics of innovative capabilities of the firm with a Penrosean mark ; 13. Innovation, Profits, and Growth: Penrose and Schumpeter ; 14. The US Corporate Enterprise and 'The Theory of the Growth of the Firm' ; 15. Management Competence, Firm Growth, and Economic Progress