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British Railways 1948-73 - A Business History (Hardcover)
Loot Price: R2,890
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British Railways 1948-73 - A Business History (Hardcover)
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This is a business history of the first twenty-five years of
nationalised railways in Britain. Commissioned by the British
Railways Board and based on the Board's extensive archives, it
breaks new ground in analysing fully the dynamics of nationalised
industry management and, in particular, the complexities of the
vital relationship with government. After exploring the origins of
nationalisation, the book deals with the organisation, financial
performance, investment and commercial policies of the British
Transport Commission (1948-2), Railway Executive (1948-53) and
British Railways Board (1963-73). The special problems of the
railway industry, unique in its complexity, are fully explored, and
new calculations of profit and loss, investment, and productivity
are provided on a consistent basis for 1948-73. This business
history thus represents a major contribution not only to the debate
about the role of the railways in a modem economy but also to that
concerning the nationalised industries, which have proved to be one
of the most enduring problems of the British economy since the War.
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