The coal industry has always occupied a symbolic place in British economic and political life, inspiring debates and arousing passions throughout the last two centuries. This account of the economics of coal, first published in 1990, is unique in its comprehensive three-part approach. First, Ben Fine charts the ways in which the theoretical understanding of the British coal industry has changed over the past two centuries and discusses the arguments surrounding public ownership versus the privatization of the industry. In the second part, the book presents a critical assessment of the existing…mehr
The coal industry has always occupied a symbolic place in British economic and political life, inspiring debates and arousing passions throughout the last two centuries. This account of the economics of coal, first published in 1990, is unique in its comprehensive three-part approach. First, Ben Fine charts the ways in which the theoretical understanding of the British coal industry has changed over the past two centuries and discusses the arguments surrounding public ownership versus the privatization of the industry. In the second part, the book presents a critical assessment of the existing literature and challenges the well-established orthodoxies by close theoretical and empirical argument. Finally, attention is paid to the role of landed property and the processes of technical change. An interesting analysis of the complex relationship between industrial change and political economy and an important contribution to economics, this study will be of great value to students of the theory and history of industrial change and the British coal industry.
Ben Fine is a mathematician and professor at Fairfield University in Connecticut in the United States. He is a graduate of the MFA program at Fairfield University and is the author of fifteen books (twelve in mathematics, one on chess, one a political thriller and one a swashbuckler about pirates) as well over 130 research articles, fifteen short stories and a novella about pirates. His story August 18, 1969, published in the Green Silk Journal, was nominated for a Pushcart Prize. His story From the Dambovitsa to Coney Island was an honorable mention winner in the Glimmer Train Literary Contest. His story The Schuyler Diamonds won first place in the Writer's Digest Popular Fiction Awards in the Mystery/Crime Category. His story My Mother, God, and the Big Blue Ford, published in Green Silk Journal, won Honorable Mention in the 45th New Millennium Writing Awards. He has completed a memoir told in interwoven stories called Tales from Brighton Beach: A Boy Grows in Brooklyn. The stories detail his growing up in Brighton Beach, a seaside neighborhood on the southern tip of Brooklyn, during the 1950s and 1960s. Brighton Beach was unique and set apart from the rest of New York City, both in character and in time. His latest novel, Out of Granada, was released in 2017. His author website is https://benfineauthor.com
Inhaltsangabe
Acknowledgements; Introduction; Part One: Monopoly and Coal 1. Monopoly, capitalism and the coal vend 2. Cartels and rationalization in the 1930s; Part Two: Coal royalties 3. Royalty or rent: what's in a name? 4. Royalties: from private obstacle to public burden?; Part Three: Cliometrics and coal 5. Returning to factor returns: the late nineteenth century coal industry 6. Returns to scale in the interwar coal industry 7. The diffusion of mechanical coal cutting Part Four: Towards privatization? 8. The commanding heights of public corporation economics 9. Privatization and property rights: from electricity to coal 10. Coal: the ultimate privatization; Notes; Reference; Index.
Acknowledgements; Introduction; Part One: Monopoly and Coal 1. Monopoly, capitalism and the coal vend 2. Cartels and rationalization in the 1930s; Part Two: Coal royalties 3. Royalty or rent: what's in a name? 4. Royalties: from private obstacle to public burden?; Part Three: Cliometrics and coal 5. Returning to factor returns: the late nineteenth century coal industry 6. Returns to scale in the interwar coal industry 7. The diffusion of mechanical coal cutting Part Four: Towards privatization? 8. The commanding heights of public corporation economics 9. Privatization and property rights: from electricity to coal 10. Coal: the ultimate privatization; Notes; Reference; Index.
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