“…This reveals a more progressive management than previously detected, including a willingness to embrace mechanization and modernization, even when there was no immediate economic return. Recognizing that, faced with declining rates of return at home, the most dynamic entrepreneurs moved overseas, Bud‐Frierman et al. consider the huge success of Weetman Pearson's oil companies in early twentieth‐century Mexico. On a different tack, Boyce studies correspondence from a Liverpool merchant ship owning family over a 60‐year period to shed new light on changing business culture in Britain.…”