We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
A BRITISH EXPERIMENT IN THE CONTROL OF COMPETITION: THE COAL MINES ACT OF 1930.
- Authors
Lucas, Arthur F.
- Abstract
The article examines briefly the nature and operation of the regulatory machinery set up in the coal mining industry of Great Britain. The Coal Mines Act of 1930 is very significant to the British coal industry. The coal mining industry faced many difficulties. In 1929, the industrial output of British mines had declined from 287,000,000 tons to 258,000,000 tons; yet the production of the rest of the world had increased about 19 per cent. The situation was made worse by the large number of small, independent firms. The Labour government promised to reduce threatened wage cuts. The government also formed various committees of investigation which were authorized to listen to the complaints of high prices or of scarcity of coal. The Act is also characterized by the large amount of autonomy that has been given to each district. The Act has also helped to set up a permanent administrative agency known as the Coal Mines Reorganization Commission. This commission is formed to promote and assist the amalgamation of undertakings that appear in the national interest.
- Subjects
UNITED Kingdom; COAL mining laws; INDUSTRIAL productivity; WORKS councils; LABOUR Party (Great Britain); REGULATORY approval; COAL industry; GOVERNMENT agencies; MINIMUM wage
- Publication
Quarterly Journal of Economics, 1934, Vol 48, Issue 3, p418
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1882822