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This book sets out the present state of the discussion of the decline in British industry and introduces new directions in which the debate is now proceeding.
The place of science and technology in the British economy and society is widely seen as critical to our understanding of the British 'decline'. There is a long tradition of characterising post-1870 Britain by its lack of enthusiasm for science and by the low social status of the practitioners of technology. David Edgerton examines these assumptions, analysing the arguments for them and pointing out the different intellectual traditions from which they arise. Drawing on a wealth of statistical data, he argues that British innovation and technical training were much stronger than is generally believed, and that from 1870 to 1970 Britain's innovative record was comparable to that of Germany. This book is a comprehensive study of the history of British science and technology in relation to economic performance. It will be of interest to scientists and engineers as well as economic historians, and will be invaluable to students approaching the subject for the first time.
The first synthesis of Britain's long-term economic performance in more than a decade, this book examines why British economic growth has failed to keep pace with the performance of the other advanced industrial economies since 1870.
The theme of British economic decline is inescapable in contemporary debates about Britain's economic performance and sense of national identity. Understanding Decline is a serious contribution to an important argument, approached in a way that is accessible not only to the specialist academic market but to students of economics, history and politics. Barry Supple, to whom the volume is dedicated, when Professor of Economic History at Cambridge was concerned with various aspects of this historical problem. Indeed, his 1993 Presidential Address to the Economic History Society, 'Fear of failing', already a classic, is reprinted here as a highly effective keynote essay. Other essays pick up this theme in diverse but essentially unified ways, seeking to assess British economic performance in different ways over the past two centuries. They include case-studies through which the reality of decline can be explored, while differing perceptions of decline are examined in a number of essays dealing with ideas and policy issues.
A concise 1995 review of the strengths and weaknesses of the British motor industry during the one hundred years since its foundation.
Managing Industrial Decline examines the dramatic decline of the British coal industry through the lens of comparative business history, challenging the prevailing belief that the industry's decline was due primarily to global economic factors and instead demonstrating that entrepreneurial failings of individual coal firms contributed significantly to the problem. Through a comparative analysis of company histories, Dintenfass shows how the full range of business operations at British coal firms, including labor management policies, technological choices, and marketing practices, affected their performance. The histories of individual firms demonstrate that the managements could improve productivity, increase sale prices, and sustain profitability, even as the coal trade succumbed to cyclical depression and secular decline. According to Dintenfass, comparisons between the individual firms and the regional coal industries to which they belonged show that neighboring firms were slow to introduce the modest innovations that the successful firms pioneered. Since there were few barriers to the implementation of these strategies, it appears that Britain's coal masters miscalculated their costs and benefits, contributing to the problem by failing to adopt inexpensive and accessible second-best solutions to production and commercial problems. Managing Industrial Decline, breaks new ground in the field of business history and restores entrepreneurship to its proper place in the analysis of industrial decline.
The first synthesis of Britain's long-term economic performance in more than a decade, this book examines why British economic growth has failed to keep pace with the performance of the other advanced industrial economies since 1870.
This book examines the decline of the cotton textiles industry, which defined Britain as an industrial nation, from its peak in the late nineteenth century to the state of the industry at the end of the twentieth century. Focusing on the owners and managers of cotton businesses, the authors examine how they mobilised financial resources; their attitudes to industry structure and technology; and their responses to the challenges posed by global markets. The origins of the problems which forced the industry into decline are not found in any apparent loss of competitiveness during the long nineteenth century but rather in the disastrous reflotation after the First World War. As a consequence of these speculations, rationalisation and restructuring became more difficult at the time when they were most needed, and government intervention led to a series of partial solutions to what became a process of protracted decline. In the post-1945 period, the authors show how government policy encouraged capital withdrawal rather than encouraging the investment needed for restructuring. The examples of corporate success since the Second World War – such as David Alliance and his Viyella Group – exploited government policy, access to capital markets, and closer relationships with retailers, but were ultimately unable to respond effectively to international competition and the challenges of globalisation. The chapters in this book were originally published in Business History and Accounting, Business and Financial History.
This book offers new and radical views on British industrial decline and policies to remedy it.