Edith Penrose's contribution to the theory of the firm reinvented the classical tradition in economics. This volume builds on an issue of "Contributions to Political Economy" that celebrated 40 years since Penrose's publication, "The Theory of the Growth of the Firm".

Edith Penrose has been one of the most significantas economists of the second part of the twentieth century. Her contribution to the theory of the firm has reinvented and productively developed the classical tradition in economics, and informed the currently dominant, knowledge-based theory of the firm. This volume builds on a special issue of Contributions to Political Economy that celebrated forty years since Penrose's classic The Theory of the Growth of the Firm. It includes fifteen chapters by leading contributors on the aforementioned aspects of Penrose's work.

The chapters are well researched, well crafted and well written.