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Industrial Organization and Technological Change: The Decline of the British Cotton Industry

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  • Lazonick, William

Abstract

In this important study Professor Lazonick provides an astute reappraisal of why Britain's once dominant economy has failed to meet the challenges of international competition in the twentieth century. The vehicle for his discussion is cotton manufacture, the industry which, through the technological and commercial innovations of the late eighteenth and early nineteenth centuries, made Britain the leading industrial power. Among Dr. Lazonick's questions are why did Britain's preeminance in this industry come to an end? Why did technological innovation yield to stagnation? Why did inefficient modes of economic organization persist in the face of manifest inadequacy? And what does the history of this industry have to teach us about recent economic theory?

Suggested Citation

  • Lazonick, William, 1983. "Industrial Organization and Technological Change: The Decline of the British Cotton Industry," Business History Review, Cambridge University Press, vol. 57(2), pages 195-236, July.
    • Handle: RePEc:cup:buhirw:v:57:y:1983:i:02:p:195-236_05
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    Cited by:

    1. Robert J. Bennett & Harry Smith & Piero Montebruno & Carry van Lieshout, 2022. "Changes in Victorian entrepreneurship in England and Wales 1851-1911: Methodology and business population estimates," Business History, Taylor & Francis Journals, vol. 64(7), pages 1211-1243, September.
    2. William Lazonick, 2010. "The Chandlerian corporation and the theory of innovative enterprise," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 19(2), pages 317-349, April.
    3. Rosés, Joan R., 2005. "Subcontracting and vertical integration in the Spanish cotton industry," IFCS - Working Papers in Economic History.WH wh051302, Universidad Carlos III de Madrid. Instituto Figuerola.
    4. Robert Gmeiner, 2021. "International free riding on institutions," Economic Affairs, Wiley Blackwell, vol. 41(1), pages 123-140, February.
    5. Tim Leunig, 1998. "New Answers to Old Questions: Transport Costs and the Slow Adoption of Ring Spinning in Lancashire," Oxford Economic and Social History Working Papers _022, University of Oxford, Department of Economics.
    6. Teresa Silva Lopes & Paulo Guimaraes, 2014. "Trademarks and British dominance in consumer goods, 1876–1914," Economic History Review, Economic History Society, vol. 67(3), pages 793-817, August.
    7. Markard, Jochen, 2020. "The life cycle of technological innovation systems," Technological Forecasting and Social Change, Elsevier, vol. 153(C).
    8. William Lazonick, 2010. "Entrepreneurial Ventures and the Developmental State: Lessons from the Advanced Economies," Working Papers id:3167, eSocialSciences.
    9. Kungl, Gregor & Geels, Frank W., 2016. "The destabilisation of the German electricity industry (1998-2015): Application and extension of a multi-dimensional framework," Research Contributions to Organizational Sociology and Innovation Studies, SOI Discussion Papers 2016-02, University of Stuttgart, Institute for Social Sciences, Department of Organizational Sociology and Innovation Studies.
    10. Joan R. Rosés, 2009. "Subcontracting and vertical integration in the Spanish cotton industry1," Economic History Review, Economic History Society, vol. 62(1), pages 45-72, February.
    11. William Lazonick, 2008. "Entrepreneurial Ventures and the Developmental State: Lessons from the Advanced Economies," WIDER Working Paper Series DP2008-01, World Institute for Development Economic Research (UNU-WIDER).

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