Andrew Carnegie

An Economic Biography

Business & Finance, Career Planning & Job Hunting, Entrepreneurship, Entrepreneurship & Small Business
Cover of the book Andrew Carnegie by Samuel Bostaph, Lexington Books
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Samuel Bostaph ISBN: 9780739189849
Publisher: Lexington Books Publication: October 8, 2015
Imprint: Lexington Books Language: English
Author: Samuel Bostaph
ISBN: 9780739189849
Publisher: Lexington Books
Publication: October 8, 2015
Imprint: Lexington Books
Language: English

This biography of Andrew Carnegie emphasizes the economic dimension of his career in industry. It examines his life as a dynamic innovator during the period when the steel industry rapidly expanded and the United States became a major industrial power. Carnegie rose from a poverty-stricken Scottish childhood to a position of international industrial leadership, philanthropy, and peace advocacy, by means of intelligence, entrepreneurship, ambition, tenacity, guile, and ruthless determination. It is shown that Carnegie excelled as an economic actor. His alertness to expected profit opportunities, and success in coping with the uncertainties of the marketplace, made him a major influence on the growth of many of the most important industries of late-nineteenth century United States and world economies. His contribution to the better coordination of the actions of both demanders and suppliers in those industries by managerial, technological, and institutional innovations is emphasized. It is also argued that those profit-seeking actions and innovations occurred in the context of political policies and social institutions that produced a tremendous mal-investment of resources. This mal-investment was a result of protective tariffs, the stimulus and waste of war, and government subsidization of the railroad industry. Carnegie’s role in this massive diversion of resources from other uses to those from which he personally benefitted is also emphasized. Lastly, Carnegie’s actions in giving away the great personal fortune that he accumulated as he built his business empire are examined and their economic implications assessed.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This biography of Andrew Carnegie emphasizes the economic dimension of his career in industry. It examines his life as a dynamic innovator during the period when the steel industry rapidly expanded and the United States became a major industrial power. Carnegie rose from a poverty-stricken Scottish childhood to a position of international industrial leadership, philanthropy, and peace advocacy, by means of intelligence, entrepreneurship, ambition, tenacity, guile, and ruthless determination. It is shown that Carnegie excelled as an economic actor. His alertness to expected profit opportunities, and success in coping with the uncertainties of the marketplace, made him a major influence on the growth of many of the most important industries of late-nineteenth century United States and world economies. His contribution to the better coordination of the actions of both demanders and suppliers in those industries by managerial, technological, and institutional innovations is emphasized. It is also argued that those profit-seeking actions and innovations occurred in the context of political policies and social institutions that produced a tremendous mal-investment of resources. This mal-investment was a result of protective tariffs, the stimulus and waste of war, and government subsidization of the railroad industry. Carnegie’s role in this massive diversion of resources from other uses to those from which he personally benefitted is also emphasized. Lastly, Carnegie’s actions in giving away the great personal fortune that he accumulated as he built his business empire are examined and their economic implications assessed.

More books from Lexington Books

Cover of the book Conflict Resolution in Asia by Samuel Bostaph
Cover of the book Autonomy Platonism and the Indispensability Argument by Samuel Bostaph
Cover of the book Women in the Academy by Samuel Bostaph
Cover of the book Third-Generation Holocaust Narratives by Samuel Bostaph
Cover of the book How Karl Marx Can Save American Capitalism by Samuel Bostaph
Cover of the book Aging, Media, and Culture by Samuel Bostaph
Cover of the book Neoliberalizing Spaces in the Philippines by Samuel Bostaph
Cover of the book Textual Criticism and Qur'an Manuscripts by Samuel Bostaph
Cover of the book Media Transparency in China by Samuel Bostaph
Cover of the book Raoul Peck by Samuel Bostaph
Cover of the book Toleration on Trial by Samuel Bostaph
Cover of the book Death and Finitude by Samuel Bostaph
Cover of the book Ethics, Art, and Representations of the Holocaust by Samuel Bostaph
Cover of the book Shape-Shifting Capital by Samuel Bostaph
Cover of the book Takfir in Islamic Thought by Samuel Bostaph
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy