The Decline of the British Economy: An Institutional Perspective

by William Lazonick and Bernard Elbaum

This book examines the decline of the British economy in terms of the structural rigidity of its economic institutions and the historic changes in the international economy. It argues that British institutions, in a 19th-century world economy characterized by competitive capitalism, were conducive to economic development, but that these same institutions posed a formidable obstacle to economic development in a 20th-century context of corporate capitalism...

• Format: Hardcover
• Language: English
• ISBN: 0198284942
• ISBN13: 9780198284949
• Release Date: May 1986
• Publisher: Oxford University Press, USA
• Length: 318 Pages