This article has appeared in the journal “Business History”, Volume 57, Issue 5, 2015.
Abstract: How can business historians and evolutionary economists deepen their conversations? The paper argues that in doing detailed studies of how individual firms develop capabilities over time is where the concerns of business historians who want to tell the history of individual firms and the concerns of evolutionary economists overlap. This is area where more extensive interactions would be most productive.
This paper is a commentary on two articles:
1. Constructing an ‘industry’: the case of industrial gases, 1886–2006 by Ray Stokes & Ralf Banken
2. The evolution of the pharmaceutical industry by Franco Malerba & Luigi Orsenigo