First published in 1976, this much acclaimed book looks at the
story of how today's large corporations have superseded the small
competing firms of the nineteenth century. The long-run analysis
confirms that the crucial periods in the formulation of the modern
corporate system were the 1920's and 1960's. The merger wave of
these decades was associated with a desire to improve the
efficiency of Britain's industrial organization, and the author
shows that it was in a large measure responsible for the trend
improvement (by historical if not international standards) in
Britain's growth performance.
Students of business, economic history and industrial economics
will all welcome the return to print of a notable contribution to
the continuing debate on the evolution and control of the corporate
manufacturing sector.
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