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In 1993, four years prior to the publication of Clayton Christensen's highly influential book, The Innovator's Dilemma, the Business History Review published an article by Christensen titled “The Rigid Disk Drive Industry: A History of Commercial and Technological Turbulence.” The article relates the theory of disruptive innovation to Alfred D. Chandler's work on large vertically integrated enterprises. It was published during a pivotal era of scholarship on innovation, management practice, and industry evolution, much of which used the history of firms, industries, and technologies to build theory. I survey the impact and critiques of Christensen's research agenda, highlighting how it illustrates where the boundaries associated with the “lessons of history” should be drawn.

Looking across the long twentieth century, this article tracks the rise and fall of one form of anti-competition regulation: the certificate of public convenience. Designed to curb “destructive competition” in certain industries, such as transportation and banking, certificate laws prevented firms from entering those industries unless they could convince regulators that they would satisfy an unmet public demand for goods or services. This history highlights how lawmakers used similar techniques in governing infrastructure and finance—two fields that are not often studied together. It also shows that state regulation both prefigured legal change at the federal level and then lagged behind it, suggesting that different dynamics have been in play at each level of governance in devising competition policy over the last century.

This article suggests that the business history of emerging markets should be seen as an alternative business history, rather than merely adding new settings to explore established core debates. The discipline of business history evolved around the corporate strategies and structures of developed economies. The growing literature on the business history of emerging markets addresses contexts that are different from those of developed markets. These regions had long eras of foreign domination, had extensive state intervention, faced institutional inefficiencies, and experienced extended turbulence. This article suggests that this context drove different business responses than are found in the developed world. Entrepreneurs counted more than managerial hierarchies; immigrants and diaspora were critical sources of entrepreneurship; illegal and informal forms of business were common; diversified business groups rather than the M-form became the major form of large-scale business; corporate strategies to deal with turbulence were essential; and radical corporate social-responsibility concepts were pursued by some firms.

Japan experienced a transformational phase of technological development during the late nineteenth and early twentieth centuries. We argue that an important, but so far neglected, factor was a developing market for innovation and a patent-attorney system that was conducive to rapid technical change. We support our hypothesis using patent data and we also present a detailed case study on Tomogorō Ono, a key developer of salt-production technology who used attorneys in connection with his patenting work at a time when Japan was still in the process of formally institutionalizing its patent-attorney system. In accordance with Lamoreaux and Sokoloff's 1999 influential study of trade in invention in the United States, our quantitative and qualitative evidence highlights how inventors and intermediaries in Japan interacted to create a market for new ideas.

From professional baseball to legal services, discrimination against sellers became widespread in the late 1800s and early 1900s. This article examines the means by which African American inventor-entrepreneurs overcame discrimination against them by consumers. It makes use of data from the advertising records of Garrett Morgan, who invented the modern gas mask and the traffic light. Both the deliberate use of measures, such as disguises and surrogates, and serendipity (the result of the racial neutrality of patents) were critical in facilitating sellers' anonymity and in promoting desirable economic outcomes.