What explains the national economic success of the United States, Britain, Germany, and Japan? What can be learned from the long-term championship performances of leading business firms in each country? How important were specific innovations by individual entrepreneurs? And in the end, what is the true nature of capitalist development?The Pulitzer Prize–winning historian Thomas K. McCraw and his coauthors present penetrating answers to these questions. Creating Modern Capitalism is the first book to explain for a broad audience the interconnections among technological innovation, management science, the power of entrepreneurship, and national economic growth. The authors approach each question from a comparative framework and with a unique triple focus on national economic systems, particular companies, and individual business leaders.Above all, the book focuses on how specific entrepreneurs influenced the economic success of their countries: Josiah Wedgwood and Henry Royce in Britain; August Thyssen and Georg von Siemens in Germany; Henry Ford, Alfred Sloan, and the two Thomas J. Watsons in the United States; Sakichi Toyoda, Masatoshi Ito, and Toshifumi Suzuki in Japan.The product of a three-year collaborative effort at the Harvard Business School, the book combines cutting-edge scholarship with a finely tuned sense of the art of management. It will engage general readers as well as those with a special interest in entrepreneurship and the evolution of national business systems.

A new literary-cultural history of the Industrial Revolution in Britain from the late eighteenth to the mid-nineteenth centuries.

Working against the stubbornly persistent image of “dark satanic mills,” in many ways so characteristic of literary Romanticism, Jon Mee provides a fresh, revisionary account of the Industrial Revolution as a story of unintended consequences. In Networks of Improvement, Mee reads a wide range of texts—economic, medical, and more conventionally “literary”—with a focus on their circulation through networks and institutions. Mee shows how a project of enlightened liberal reform articulated in Britain’s emerging manufacturing towns led to unexpectedly coercive forms of machine productivity, a pattern that might be seen repeating in the digital technologies of our own time. Instead of treating the Industrial Revolution as Romanticism’s “other,” Mee shows how writing, practices, and institutions emanating from these industrial towns developed a new kind of knowledge economy, one where local literary and philosophical societies served as important transmission hubs for the circulation of knowledge.