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No Ordinary WomanThe Life of Edith Penrose$
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Angela Penrose

Print publication date: 2017

Print ISBN-13: 9780198753940

Published to Oxford Scholarship Online: November 2017

DOI: 10.1093/oso/9780198753940.001.0001

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An academic Indian summer

An academic Indian summer

(p.254) 14 An academic Indian summer
No Ordinary Woman

Angela Penrose

Oxford University Press

After her husband’s death in 1984 and retirement from INSEAD Edith enjoyed the resurgence of interest in her work and its increasing influence on aspects of economic, business, and management theory and on a younger generation of economists, many of whom visited her at her home near Cambridge. The chapter examines the influence of her seminal ideas on some key protagonists of the ‘resource-based view of the firm’, e.g. David Teece, Birger Wernerfelt, J. C. Spender, and Jay Barney. Due to her understanding of the international firm, in particular the oil industry, she undertook consultancies pertaining to arbitration between oil companies and national governments.

Keywords:   resource-based view, Edith Penrose legacy, firm, Cambridge, management theory

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