Edith Penrose

Edith Elura Tilton Penrose was an American-born British economist whose best known work is The Theory of the Growth of the Firm, which describes how firms grow and how quickly they do so. Writing in The Independent, the economist Sir Alec Cairncross stated that the book brought Dr. Penrose "instant recognition as a creative thinker, and its importance to the analysis of the job of management has been increasingly realized".