Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Industrial Policy in Britain since 1970: Changing Values, Assumptions and Mechanisms

Industrial Policy in Britain since 1970: Changing Values, Assumptions and Mechanisms AbstractThis article examines the change in the fundamental assumptions underpinning industrial policy from the mid-1970s in Britain. It necessarily contrasts the broadly supply-side concerns of industrial policy from the mid-1970s with the more demand-side concerns of the earlier ‘Golden Age’ period from 1945. Where in the earlier period the emphasis in industrial policy was on capital investment and the role of government in compensating for perceived market inefficiency, from the late 1970s this emphasis shifted to the need to improve the flexibility and quality of supply-side factors allied to a more optimistic view of the ability of the market to secure efficient outcomes. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook de Gruyter

Industrial Policy in Britain since 1970: Changing Values, Assumptions and Mechanisms

Download PDF
24 pages

Loading next page...
 
/lp/de-gruyter/industrial-policy-in-britain-since-1970-changing-values-assumptions-4MBbZ0x8Fo

References

References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.

Publisher
de Gruyter
Copyright
© 2017 Walter de Gruyter GmbH, Berlin/Boston
ISSN
2196-6842
eISSN
2196-6842
DOI
10.1515/jbwg-2017-0003
Publisher site
See Article on Publisher Site

Abstract

AbstractThis article examines the change in the fundamental assumptions underpinning industrial policy from the mid-1970s in Britain. It necessarily contrasts the broadly supply-side concerns of industrial policy from the mid-1970s with the more demand-side concerns of the earlier ‘Golden Age’ period from 1945. Where in the earlier period the emphasis in industrial policy was on capital investment and the role of government in compensating for perceived market inefficiency, from the late 1970s this emphasis shifted to the need to improve the flexibility and quality of supply-side factors allied to a more optimistic view of the ability of the market to secure efficient outcomes.

Journal

Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook – de Gruyter

Published: May 24, 2017

There are no references for this article.