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- Title
WARTIME CONCENTRATION OF BRITISH INDUSTRY.
- Authors
Murphy, Mary E.
- Abstract
The article discusses the concentration plan of the British government to control civilian industries. The trend toward cartels and monopolies, which had its inception during the World War, has been accelerated by the concentration program, in spite of the fact that the Government prevented trade associations from assuming any governing position in the operation of schemes. The absorption of smaller companies by larger firms has been an inevitable outcome of concentration, and the longer the war lasts the greater will be the danger of amalgamation and the more difficulty will be experienced by owners of closed plants in reestablishing their companies. For these reasons the attainment of the proper balance between individual freedom and Government control is one of the most urgent problems confronting Britain in the post-war period. The Board of Trade has considered the restrictive tendencies inherent in all concentration plans to insure that no industry receives damage and dislocation, that no new business order is formed which will reduce, on a permanent basis, the number of small companies in any field, and that pre-war business structure is preserved to the greatest possible degree.
- Subjects
UNITED Kingdom; INDUSTRIAL concentration; INDUSTRIES; GREAT Britain. Board of Trade; MONOPOLIES; BIG business
- Publication
Quarterly Journal of Economics, 1942, Vol 57, Issue 1, p129
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1881816