How Growth Really Happens: The Making of Economic Miracles by
Production, Governance, and Skills
. Princeton University Press, 2018.
Winner of the 2018 Schumpeter Prize Competition, International
Joseph A. Schumpeter Society

translated into Chinese
translated into Hungarian

The New Competitive Advantage: The Renewal of American
. Oxford: Oxford University Press, 2001. Available Online at

The New Competition: Institutions of Industrial Restructuring.
Cambridge, MA: Harvard University Press; Cambridge, UK: Polity
Press, 1990.
translated into Korean, 1996.
translated into Russian, 2000.
Chapter 9 reprinted in C. Nygaard, ed.,
A Reader on Strategizing,
Stockholm: Samfundslitteratur, 2001.

The Politicized Economy. Lexington, MA; D.C. Heath, first edition,
1976; second edition, 1982 (with William E. Connolly).


Cross Border Economic Renewal: Rethinking Irish Regional Policy
(with John Bradley), Armagh, Northern Ireland: Centre for Cross
Border Studies, 2012: 284 pages. http://www.crossborder.

The Capabilities and Innovation Perspective: The Way Ahead in
Northern Ireland
. Belfast: Northern Ireland Economic Council, 2000,
115 pages.
For a statement by the council see:

Comments by six experts on implementation of the above monograph
titled ‘Implementation of The Capabilities and Innovation Perspective:
The Way Ahead in Northern Ireland-Informed Commentaries’.
Occasional Paper 15: March 2003. Belfast: Northern Ireland Economic
Council, 73 pages.

Malaysian Electronics: At the Crossroads. Vienna: United Nations
Industrial Development Organization, October 2003, 84 pages (with
Rajah Rasiah).

Power to Compete: A Study of the Electric Power Industry and
Industrial Competitiveness in America and New England
. Boston:
Massachusetts Economic Project, 1997, 92 pages (assisted by
Denise Martucci).

Competitive Dynamics and Industrial Modernization Programmes:
Lessons from Japan and America
, Annual Sir Charles Carter Lecture,
Northern Ireland Economic Council, September 1995, 52 pages.

Articles and Chapters in Books

“World War II to Covid-19: Been here before and done better” (with
John Bradley). INET.  https://www.ineteconomics.

"Postwar American Industrial Policy: How Dixie Won the Civil War". In  
Arkebe Oqubay, Christopher Cramer, Ha-Joon Chang, and Richard
Kozul-WrightOwubay, (eds.) Oxford Handbook of Industrial Policy,

"Productive Structures and Industrial Policy in the EU." In Marcuzzo,
M., Palumbo, A., Villa, P. (eds.) Economic Policy, Crisis and
Innovation: Beyond Austerity in Europe, Routledge 2020: 250-267.

"The Economics of Innovation behind Cluster Dynamic Processes". In
Lin, J. and Owubay, A (eds.) Oxford Handbook of Industrial Hubs and
Economic Development, Oxford University Press, 2
020: 64-76.

“Industrial Capabilities, Innovation and Place: A Paper for UK
Research and Innovation” (with John Bradley). In Innovating places:
developing place-based research and innovation funding in the UK,
The Centre for Science, Technology and Innovation Policy, (CSTI).
Cambridge University; 17 pages. Available at

"Industrial innovation and productive structures: The creation of
America’s ‘Arsenal of democracy’," Structural Change and Economic
Dynamics, Elsevier, 2019,vol. 48(C), pages 32-41

“Regional Capabilities and Industrial Resiliency: Specialization and
Diversification Dynamics in Lowell, Massachusetts”. In Begley, J.,
Coffey, D, Donnelly, T., Thornley, C. (eds.)
Global Economic Crisis
and Local Economic Development: International Cases and Policy
, Routledge, 2016: 47-77.

"Greater Boston's Industrial Ecosystem: A Manufactory of Sectors",
Technovation 39-40 (2015) 4-13.

“The Obscure Firm in The Wealth of Nations”. In Dietrich, Michael and
Krafft, Jackie (eds.)
Handbook on the Economics and Theory of the
, Cheltenham UK: Edward Elgar Publishers, 2012: 29-41.

“Rethinking Regional Renewal: Towards a Cross-Border Economic
Development Zone” (with John Bradley).
The Journal of Cross Border
Studies in Ireland
, No. 7, Spring 2012: 37-58.

“The Capabilities Foundations of Technology Management in Rapid
Growth, Latecomer Success Stories”. In Pietrobelli, C. and Rasiah, R.
Evidence-based Development Economics: Essays in Honour
of Sanjaya Lall
,  University of Malaya Press, 2012: 319-336.

“Cluster Dynamics in Theory and Practice with Applications to
Singapore/Johor and Penang Electronics”. In Sari Wahyuni, (ed.)
Benchmarking Special Economic Zones in China, Malaysia,
Thailand, and Indonesia
, Depok, Indonesia: University of Indonesia,
2012: 57-87.

Review Essay. Internet Alley: High Tech in Tysons Corner, 1945-2005,
Cambridge: MIT Press, by Paul Ceruzzi in
Business History, Vol. 53,
No. 6, October 2011, 976–980.

“Bypassed Places?  The post-Belfast Agreement Border Economy”
(with John Bradley).
The Journal of Cross Border Studies in Ireland,
No. 6, Spring 2011: 25-44.  http://www.crossborder.

“Massachusetts High Tech: A ‘Manufactory of Species’”. In Becattini,
Giacomo; Bellandi, Marco; and De Prisa, Lisa (eds.)
The Handbook
of Industrial Districts
, Cheltenham UK: Edward Elgar Publishers,
2009: 648-665.

“Massachusetts Medical Devices: Leveraging the Region’s
Capabilities”. In Farshchi, Mahtab; Janne, Odile; and McCann, Phil
Technological Change and Mature Industrial Regions: Firms,
Knowledge and Policy
, Cheltenham UK: Edward Elgar Publishers,
2009: 155-172. Earlier version published as:

“Massachusetts Medical Devices: Leveraging the Region’s
MassBenchmarks, Vol. 8, No. 1, 2006: 14-25. On-line at   

“Cluster Dynamics in Malaysian Electronics”. In K.S. Jomo (ed.)
Malaysian Industrial Policy, National University of Singapore Press,
2007, pp. 249-276.

"Regional Specialization and Technology Capabilities: Medical
Devices in Massachusetts". Business and Economic History On-line,
Vol. 3, 2005, pp. 1-35.

“Discovering Regional Competitive Advantage: Massachusetts High
Tech” (with Albert Paquin and Hao Xie).  
Business and Economic
History On-line, Vol. 2, 2004, pp. 1-30.
"Discovering Regional Competitive Advantage"

Reprinted in modified form  in High-tech Development Policy:
International Experiences and Implications for Vietnam, International
Symposium Proceedings
sponsored by NISTPAS (National Institute
for Science and Technology Policy and Strategic Studies), UNIDO,
and UNESCO, Hanoi, September 2005.

“The Geography of Systems Integration”. In Andrea Prencipe, Andrew
Davies and Mike Hobday (eds.)
The Business of Systems
, Oxford University Press, pp. 205-232, 2003.

“Lowell’s Industrial Regeneration: Dynamic Technological Capabilities"
Business and Economic History On-line, Vol. 1, 2003, pp. 1-50.
Lowell's Industrial Regeneration

“The Malaysian Experience in the Electronics Industry”. In Enrique
Dussel Peters, Juan José Palacios Lara, and Guillermo Woo Gómez
The Electronics Industry in Mexico and Jalisco, D.R.
Universidad de Guadalajara, 2003, pp. 151-200. In Spanish, “La
experiencia de Malasia en la industria electrónica” in La Industria
Electrónica en México: Problemática, Perspectivas y Propuestas.

“Edith Penrose: A Feminist Economist?” (with Jane Humphries),
Feminist Economics, 9 (1) 2003, pp.  47-73.

“Open Systems and Regional Innovation: The Resurgence of Route
128 in Massachusetts”. In Stan Metcalfe and Alan Warde (eds.)
Market Relations and the Competitive Process, Manchester
University Press, 2002, pp. 158-189.

“Innovation, the University of Massachusetts Lowell and the
Sustainable Regional Development Process” (with Robert Forrant). In
Robert Forrant, William Lazonick, Charles Levenstein, and Jean Pyle,
Approaches to Sustainable Development, University of
Massachusetts Press, 2001, pp. 271-294.

“Penrose, Edith Tilton” (with Jane Humphries). In Malcolm Warner (ed.)
The International Encyclopedia of Business and Management, 2nd
edition, London: Thomson Learning, 2001, pp. 5188-5193.

“Silicon Valley and the Resurgence of Route 128: Systems Integration
and Regional Innovation”. In John H. Dunning, (ed.)
Globalization and the Knowledge-based Economy
, Oxford University
Press, 2000, pp. 459-484.

“Edith Penrose” (with Jane Humphries). In Robert Dimand, Mary Ann
Dimand and Evelyn Forget (eds.)
A Biographical Dictionary of
Women Economists
, Edgar Elgar, 2000, pp. 334-342.

“Regional Industrial Policies: Two Cases from Massachusetts” (with
Robert Forrant),
European Planning Studies, 2000, Vol. 8, No. 2, pp.

“Regional Growth Dynamics: A Capabilities Perspective”,
Contributions to Political Economy, 1999, Vol. 18, pp. 125-140.
Reprinted in Christos Pitelis (ed.)
The Growth of the Firm: The Legacy
of Edith Penrose
, Oxford University Press, 2002, pp. 179-194.

“Edith Penrose: 1914-1996” (with Elizabeth Garnsey),
The Economic
, February 1999, Vol. 109, No. 453, pp. 187-201.

“Production Principles, Organizational Capabilities and Technology
Management”. In Jonathan Michie and John Grieve Smith, (eds)
Globalization, Growth, and Governance, Oxford University Press,
1998, pp. 3-29.

"Community-based Careers and Economic Virtue: Arming, Disarming,
and Rearming the Springfield Armory" (with Robert Forrant). In Michael
Arthur and Denise Rousseau, (eds),
The Boundaryless Career,
Oxford University Press, 1996, pp. 314-330.

"Creating Industrial Capacity: Pentagon-led versus Production-led
Industrial Policies" (with Robert Forrant). In Jonathan Michie and John
Grieve Smith, (eds)
Restoring Full Employment, Oxford University
Press, 1996, pp. 225-254.
translated into Greek.

Competitive Dynamics and Industrial Modernization Programmes:
Lessons from Japan and America
, Annual Sir Charles Carter Lecture,
Northern Ireland Economic Council, September 1995, 52 pages.

“Production in Jamaica: Transforming Industrial Enterprises". In Patsy
Lewis (ed),
Preparing for the Twenty-First Century: Jamaica 30th
Anniversary Symposium
(Kingston, Jamaica: Ian Randle Publishers,
1994) (with Robert Forrant) pp. 53 - 97.

"A Production Oriented Industrial Policy: The Case of Jamaica". In
Keith Cowling and Roger Sugden (eds), Current Issues in Industrial
Economic Strategy (Manchester, Manchester University Press) 1992
pp. 73-89.

    "The Firm and the Market: The Dynamic Perspectives of
Schumpeter and Penrose", Social Concept, Vol. 6, No. 2, June 1992,
pp. 3-23.

    "Enterprise Culture: Two Visions". In Jonathan Michie (ed), The
Economic Legacy (Academic Press, London, 1992) pp. 312-314.

    "The New Competition and Comparative Industrial Performance",
Cambridge Econometrics, May 1991, pp. 11-20 (with Rich Parkin).

    "Sector Strategies and Industrial Policy: The Furniture Industry and
the Greater London Enterprise Board". In Paul Hirst and Jonathan
Zeitlin (eds), Reversing Economic Decline (Oxford, Berg Press, 1989)
pp. 191-222.

    "Financing the Debt and Shaping the City: The State and Financial
Market Segmentation" (with Jane Humphries). In Bruno Jossa and
Carlo Panico, The Political Economy of Central Bank Intervention
(Naples, Liquori Editore, 1988) pp. 202-224.

    "Rapporto sulla Crisi del Mobile nella Greater London", L'Industria
del Legno e del Mobile 15, May/June 1987, pp. 49-54.

    "The 'City' and Industrial Decline" (with Jane Humphries). In Bernard
Elbaum and William Lazonick (eds), The Decline of the British
Economy (Oxford, Oxford University Press, 1986) pp. 223-239.

    "Strategic Planning and Industrial Policy in Local Enterprise
Boards", Local Economy, Spring 1986, pp. 65-77.

    "Strategic Planning, the New Competition and Industrial Policy". In
Peter Nolan and Suzanne Paine, (eds), Rethinking Socialist
Economics (Cambridge, UK, Polity Press, 1986) pp. 182-197.

    "Capitalism Divided?" (with Jane Humphries). A review essay of
Geoffrey Ingham, Capitalism Divided: The City and Industry in British
Social Development. In Contributions to Political Economy, Vol. 5,
March 1986, pp. 103-110.

    "The Political Economy of Socially Irrational Products", The
Cambridge Journal of Economics, Vol. 6, No. 1, March 1982, pp. 53-

"Thatcherism", Democracy, Vol. 1, No. 3, July 1981, pp. 37-51 (with
Jane Humphries).

    "The Decline of Economic Virtue", Democracy, Vol. 1, No. 1,
January 1981, pp. 104-115 (with William E. Connolly).

    "Politics and Subjects: The Limits of Structural Marxism", Socialist
Review, Vol. 9, No. 6, November-December 1979, pp. 75-99 (with
William E. Connolly).

    "Nature and Its Largest Parasite". In Richard Edwards, Michael
Reich and Thomas Weisskopf (eds), The Capitalist System, second
edition, (Englewood Cliffs, NJ: Prentice-Hall, 1978, pp. 418-425 (with
William E. Connolly).

    "Income Distribution in Dependent Market Economies", American
Economic Review, Vol. LXVI, No. 2, May 1976, pp. 105-109.

    "Political Power and Tax Revenues in Central America", Journal of
Development Economics, Vol. III, No. 1, Spring 1976, pp. 49-82.

    "Market Images and Corporate Power: Beyond the Economics of
Environmental Management". In Kenneth Dolbeare (ed), Public Policy
Evaluation, Vol. II of The Yearbook in Politics and Public Policy, 1975,
pp. 41-74 (with William E. Connolly).

    "Galbraith on the Transition to Corporate Capitalism", in Maxwell
Review, Vol. XI, No. 1, Winter 1974-5, pp. 58-69.

"Notes on Inflation", The Review of Radical Political Economics, Vol.
IV, No. 4, August 1972, pp. 85-112.
Reprinted by Warner Modular Publication.

Working Papers

“Rethinking regional development strategy in the context of
Structural Funds: Lessons from the Irish cross-border region”,
HERMIN WORKING PAPER 3-2012  http://www.herminonline.

Closed versus Open Business Systems in High-tech Clusters:
Northern Virginia versus Greater Boston

Techno-Historical Regional Economic Analysis Database
(vTHREAD): Massachusetts Applications
vTHREAD. Massachusetts Applications

"The Production-centric Paradigm: Principles of Production and
Organization from Adam Smith to the Present". 2016

"Economic Governance in Transformative Growth Experiences: The
Capability Triad Thesis". 2016

“Combining macro-sectoral and qualitative research methods for the
identification of emerging industry sectors in Central Europe”, June
Michael Best Publications