Rise of the Corporate Economy

<p>First published in 1976 this much acclaimed book looks at the story of how today's large corporations have superseded the small competing firms of the nineteenth century.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.</p><p>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.</p>