BRITAIN PRODUCTIVITY GAP IN THE 1930S - SOME NEGLECTED FACTORS
UNSPECIFIED (1992) BRITAIN PRODUCTIVITY GAP IN THE 1930S - SOME NEGLECTED FACTORS. [Journal Item]Full text not available from this repository.
This article proposes a reinterpretation of the failure of interwar British productivity levels to match those of the United States. We argue that key elements in poor British productivity performance included inadequate human capital, a bargaining environment that allowed workers to maintain restrictive practices, and collusive agreements that limited the exit of inefficient firms. We suggest that weaknesses in the structure of British firms pointed out by Chandler and his followers have been overemphasized and that more attention should be given to the role of the market environment in determining the conduct of business.
|Item Type:||Journal Item|
|Subjects:||H Social Sciences > HC Economic History and Conditions
D History General and Old World
H Social Sciences
|Journal or Publication Title:||JOURNAL OF ECONOMIC HISTORY|
|Publisher:||CAMBRIDGE UNIV PRESS|
|Number of Pages:||28|
|Page Range:||pp. 531-558|
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