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Using a series of 12 historical case studies that are based on extensive archival research, this book explains why firms succeed or fail in communicating, transferring knowledge and discovering new expertise. By analyzing how workable trade-offs between opposing forces have been achieved in the past, this study provides a set of guidelines for executives who embark upon inter-firm projects.

This text blends economic theory with empirical evidence to chart business development over the last two centuries in the U.K., the U.S., Japan, and Australia. It addresses enduring concerns for entrepreneurs and managers and demonstrates the value of a historical perspective from which to judge present-day issues. Each chapter considers an issue of current significance, introduces theories to illuminate the topic, and discusses historical evidence and debates.