 | Herbert Joseph Davenport - Economics - 1907 - 618 pages
...and forever become stronger as they grow. But they do not. One tree will last longer in full vigor and attain a greater size than another; but sooner...of less material strength, have on their side the vigor of youth. "And as with the growth of trees so it is with the growth of businesses. As each kind... | |
 | John Cunningham Wood - Business & Economics - 1996 - 442 pages
...tower above their neighbours, and seem as though they would grow on for ever . . . but they do not. One tree will last longer in full vigour and attain...gradually lose vitality; and one after another they give their place to others . . . (Principles, pp. 315-316) If accepted, Marshall's life cycle theory of... | |
 | John Cunningham Wood - Economists - 1996 - 422 pages
...pp. 285-286, 315-316, 457^58). The former reason he explained by analogy to the trees of a forest: "One tree will last longer in full vigour and attain...another; but sooner or later age tells on them all." Admittedly this analogy applied to "the growth of business as a general rule" only before "the development... | |
 | David A. Reisman - Business & Economics - 2004 - 306 pages
...survive'. At the peak of their powers those best adapted to the environment will thrive and stand out: 'One tree will last longer in full vigour and attain a greater size than another.' Once past their prime, all that remains for yesterday's successes is the compost heap that nurtures... | |
 | Blandine Laperche, James K. Galbraith, Dimitri Uzunidis - Business & Economics - 2006 - 348 pages
...generations of industrial organization researchers. This is the biological analogy of firms as trees, where they '... gradually lose vitality; and one after another they give place to others, which ... have on their side the vigour of youth' (Marshall, 1920, p. 316). This implies that firms do grow,... | |
 | H. W. de Jong, William G. Shepherd - Business & Economics - 2007 - 342 pages
...envisaged a self-correcting mechanism illustrated with his famous analogy of the trees in the forest: One tree will last longer in full vigour and attain...age tells on them all. Though the taller ones have better access to light and air than their rivals they gradually lose vitality; and one after another... | |
 | Horst Hanusch, Andreas Pyka - Business & Economics - 2007 - 1229 pages
...and at last in their turn they tower above their neighbors. One tree will last longer in full vigor and attain a greater size than another; but sooner or later age tells on them all. And as with the growth of trees, so was it with the growth of business as a general rule before the... | |
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One tree will last longer in full vigour and attain a greater size than another; but sooner or later age tells on them all. 