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Published online by Cambridge University Press: 24 July 2012
The object of this paper is to present for discussion the thesis that the managerial policy of individual entrepreneurs has been one of the principal factors determining the structure of American business.
1 Editor's note: Here cut to about half its original length, this article was read by Professor Hower at a joint meeting of the Business Historical Society and the American Economic Association in New York on December 28, 1941.