Publisher's Synopsis
Excerpt from Structural Effects of Communication Technologies on Firms: Lessons From the Past
The argument for an indirect influence, derived from Alfred Chandler's work,2 has three intermediate steps. The railroad and the telegraph together, he argues, expanded the market a given firm could reach and adequately serve by radically speeding up both communication and transportation. Cities once considered too distant to serve suddenly became accessible. This widening of potential markets encouraged firms to increase production.
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