British Industrial Capitalism Since the Industrial Revolution

by Lloyd-Jones, Roger; Lewis, Merv J.

• ISBN13: 9781857284089
• ISBN10: 1857284089
• Format: Hardcover
• Copyright: 1998-01-01
• Publisher: Ucl Pr Ltd

Table of Contents

Figures and tables	ix	(4)
Preface	xiii
1 Introduction: theories of industrial capitalism and the long wave	1	(14)
Introduction	1	(1)
Joseph Schumpeter: capitalist development and the long wave	2	(7)
The neo-Schumpeterian framework: Christopher Freeman	9	(2)
Perez: a historical model of the long wave	11	(1)
Industrial capitalism in Britain since the Industrial Revolution	12	(3)
2 The Industrial Revolution Kondratieff	15	(18)
Introduction	15	(1)
The case for an Industrial Revolution Kondratieff: the empirical evidence	16	(4)
The first long wave and the Napoleonic Wars	20	(9)
Structural change and the First Industrial Revolution	29	(4)
3 The political economy of the first downswing, 1815-40s	33	(29)
Introduction	33	(1)
The Perez model	34	(3)
Britain and the first long wave: an historical overview	37	(3)
The technological style	40	(9)
Institutional structure and mode of development	49	(2)
The structural crisis, 1837-42	51	(11)
4 The upswing of the second Kondratieff: a mid-Victorian boom	62	(20)
Introduction	62	(1)
A mid-Victorian boom: the empirical evidence	62	(5)
The technological style in the mid-Victorian period	67	(11)
The export economy and mid-Victorian expansion	78	(4)
5 The late Victorian economy: decline and downswing, 1873-96	82	(21)
Introduction	82	(1)
The performance of the late Victorian economy	82	(6)
The new technological style and British industry, 1873-96	88	(7)
The missing structural crisis in late Victorian Britain	95	(8)
6 The missing upswing and Edwardian crisis, c. 1896-1914	103	(28)
Introduction	103	(1)
The Edwardian economy	104	(3)
The unresolved crisis: tariff reform	107	(5)
Education and industry in Edwardian Britain	112	(6)
Business organization in Edwardian Britain	118	(6)
Business and labour	124	(2)
British industrial capitalism: finance and industry	126	(5)
7 The downswing of the third Kondratieff: depression and unemployment in interwar Britain	131	(25)
Introduction	131	(1)
The interwar downswing: the empirical evidence	132	(3)
Structural change and the technological style	135	(10)
Business and the state in the interwar years	145	(3)
The Keynesian revolution: a new mode of development	148	(8)
8 The upswing of the fourth Kondratieff: Britain during the long boom	156	(27)
Introduction	156	(1)
The long boom in the world economy and British economic performance	157	(5)
The British economy during the long boom	162	(12)
Keynesian macroeconomic policy during the long boom	174	(9)
9 The post-1973 downswing: de-industrialization and the Thatcher experiment	183	(27)
Introduction	183	(1)
The post-1973 downswing: the empirical evidence	184	(3)
Causes of the downturn	187	(6)
Crisis and state strategies in the 1970s	193	(5)
The Thatcher experiment: a new mode of development	198	(12)
10 Conclusion: the long wave and British industrial capitalism	210	(5)
Notes	215	(34)
Bibliography	249	(16)
Index	265