 Internalization theory and the eclectic paradigm have been refined over the last 40 years to become the bedrock explanations of multinational enterprise activity.The founder members of the Reading School were John Harry Dunning (1926–2009), Peter Buckley, Mark Casson, Robert Pearce  and John Cantwell.Dunning was Head of the Department of Economics at the University of Reading, 1964-87 (later Professor at Rutgers University, New Jersey), Buckley was Research Fellow at University of Reading in 1973-4 (later Professor at University of Bradford and University of Leeds), Casson was lecturer in Economics (later Professor and Head of Department) at University of Reading, Pearce was Research Fellow (later Professor) at University of Reading and Cantwell was Research Fellow (later Professor) at University of Reading and then Rutgers University.