Elaborations, Revisions, Dissents: Alfred D. Chandler, Jr.’s., The Visible Hand after Twenty Years

Two decades have passed since the publication of 'The Visible Hand,' Alfred D. Chandler, Jr.'s, magisterial account of the rise of the modern business enterprise in the United States. Although Chandler's pathbreaking work has been widely hailed as a landmark in business history, only rarely has anyone considered systematically its influence on the large body of historical scholarship on related topics. This essay is intended to help fill this gap. It is divided into two sections. The first section reviews Chandler's argument, touches on the relationship of Chandler's oeuvre to his personal background, and locates 'The Visible Hand' in the context of American historical writing. The second considers how three groups of historians have responded to Chandler's ideas. These groups consist of champions who creatively elaborated on Chandler's intellectual agenda; critics who probed anomalies between Chandler's argument and their own research; and skeptics who rejected Chandler's analysis outright

Product differentiation and entry barriers: Mediterranean export firms in the American markets for olive oil prior to World War II

This article analyses the entry process of Mediterranean export firms in the American markets for packaged olive oil between the 1880s and the 1930s. It explores whether those entry barriers traditionally identified by the literature emerged and to what extent they influenced such an entry process. Using trade data for the early 1930s, the article shows higher average levels of exporters' concentration in the Americas than elsewhere. It also documents that by around 1930 most of the Mediterranean firms leading packaged olive oil exports to Argentina and the USA had entered the markets on the other side of the Atlantic before World War I. Finally, it identifies product differentiation as a source of entry barrier in markets for packaged olive oil in the early 1930s. The article suggests that as the American markets for this product matured early-entrant advantages associated with the use of modern marketing became more apparent, which probably raised the cost of entry to new Mediterranean export firms during the inter-war period.olive oil, international trade, nineteenth and twentieth centuries, Mediterranean, Americas, brands, marketing, product differentiation, entry barriers, early-movers advantages, industrial organisation, economic history, international business history,