Competition and Innovation in 1950s Britain
Stephen Broadberry and
Nicholas Crafts
Business History, 2001, vol. 43, issue 1, 97-118
Abstract:
We find little support for the Schumpeterian hypothesis of a positive relationship between market power and innovation in 1950's Britain even though many economists and policymakers accepted it at the time. Price-fixing agreements were very widespread prior to the 1956 Restrictive Practices Act and they seem to have had adverse effects on costs and productivity. Competition policy appears to have been much too lenient but the productivity problems of British industry at this time are best viewed as arising largely from the difficulties of reaping the benefits of innovation rather than from a failure to innovate per se.
Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (10)
Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/713999207 (text/html)
Access to full text is restricted to subscribers.
Related works:
Working Paper: Competition and innovation in 1950’s Britain (2000) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:bushst:v:43:y:2001:i:1:p:97-118
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/FBSH20
DOI: 10.1080/713999207
Access Statistics for this article
Business History is currently edited by Professor John Wilson and Professor Steven Toms
More articles in Business History from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().