Alfred D. Chandler Jr.

Alfred D. Chandler Jr. was a prominent American business historian and professor, best known for his work on the development of modern corporations. He explored how large companies, particularly in the U.S., evolved during the 20th century and how their management structures influenced economic growth. His influential books, such as "The Visible Hand," argued that managerial capabilities, rather than just market forces, played a critical role in shaping corporate success. Chandler's research helped establish business history as an important field of study, emphasizing the interconnection between business practices, organizational structure, and economic dynamics.