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This book looks at the main elements in the Labour Government's programme: the Bank of England, Civil Airways, coal, electricity, gas, iron and steel and transport. It also looks at some aspects of the take-over of cable and wireless. It explores the period from 1945, when the Labour Government took office to 1951 when they left.
This is a detailed archive-based study of the economic planning of the Attlee governments, in which the author seeks to analyse the interaction between the decisions of central planners and the micro-economic effects of these decisions. Throughout the book, Martin Chick pays particular attention to the level, pattern and quality of fixed capital investment. At the same time, there is a continuous concern with the struggle between politicians, economists and industrialists over the mix of pricing mechanisms and administrative orders which were to be used in this period. This struggle permeated all discussions over matters such as the organisation of nationalised industries, the monopoly structure of nationalised industries, the allocation of resources and the promotion of higher productivity. The author also asks what impact, if any, economic planning had on the productivity performance of the UK economy.
In this study of the causes of nationalization, experts in British industrial history analyze the public ownership debates. During the Labour governments of 1945-51 a number of important industries were taken into public ownership, and legislation was passed for the nationalization of the steel industry. It was argued that nationalization would lead to an improvement in the efficiency of these key sectors, on which the rest of British industry depended for inputs.
Study of nationalization of industry in the UK - covers the conversion of specific bodies into public enterprises (incl. The bank of england, coal mining and transport industries, telecommunications, electric power industry, gas industry and the iron and steel industry), includes historical factors, government policy, the position of political parties, management, financial aspects and administrative aspects, etc., and comments on legislation on public ownership. Bibliography.
"In 1945 a Labour government with socialist aspirations was elected. Prior to this, much of the Left's political energy had been directed towards nationalisation and the private sector had been seen as peripheral. Equally the private sector was ill-prepared to deal with a Labour government. Despite the coolness between the two, the war had left a legacy of a high level of interaction between private industry and the forces of government." "Labour Governments and Private Industry examines in detail the complex relationship between the Labour government and the private sector. The first part of the book analyses the types of policy in operation and their implementation. The second part takes certain sectors of British industry as case studies, to consider the practical application of these policies. Throughout the book, the contributors focus their arguments around three main questions. To what extent were the policies of this Labour government actually socialist? What was the role of the Labour government as a modernising agency in the private sector? What was the power of private industry to hinder the policies of the government?" "Despite the centrality of the years 1945-51 for an understanding of Britain's long-term industrial problems, this is the first historical study of the relationship between privately-owned industry and the government during the period. Its relevance for contemporary politics can hardly be overestimated. This reconsideration of a crucial period, with the benefits of the modern perspective, is timely and necessary."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved