The National Coal Board

B. J. McCormick

Chapter 2 in Industrial Relations in the Coal Industry, 1979, pp 47-60 from Palgrave Macmillan

Abstract: Abstract The coal mines were nationalised because the miners were no longer prepared to work for the private coal-owners. Various reasons could be found to account for the nationalisation of the mines, but it was the miners’ attitude that was fundamental. It was also argued that the industry was technologically backward and that only state ownership would guarantee the right amount of investment but that argument presupposed that in the interwar years the capital market was wrong in directing investment away from the coal industry despite its obvious unprofitability.

Keywords: Collective Bargaining; Industrial Relation; Coal Industry; Marginal Cost Price; Labour Theory (search for similar items in EconPapers)
Date: 1979
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DOI: 10.1007/978-1-349-03946-3_2

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