The coal industry has always occupied a symbolic place in British
economic and political life, inspiring debates and arousing
passions throughout the last two centuries. This account of the
economics of coal, first published in 1990, is unique in its
comprehensive three-part approach. First, Ben Fine charts the ways
in which the theoretical understanding of the British coal industry
has changed over the past two centuries and discusses the arguments
surrounding public ownership versus the privatization of the
industry. In the second part, the book presents a critical
assessment of the existing literature and challenges the
well-established orthodoxies by close theoretical and empirical
argument. Finally, attention is paid to the role of landed property
and the processes of technical change. An interesting analysis of
the complex relationship between industrial change and political
economy and an important contribution to economics, this study will
be of great value to students of the theory and history of
industrial change and the British coal industry.
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