Originally published in 1977, this book examines the choice of new
production techniques available to the publicly owned industries
during their first thirty years and the effectiveness with which
these techniques were put to use. In the heat of political debate
over nationalisation the basic economic issues involved are
frequently obscured: this volume shows how the opportunity to gain
advantages of scale offered by nationalisation and the new
techniques which scale made possible were pursued by the public
corporations through policies of innovation and the diffusion of
technical advances.
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