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Competition, Collusion, and Confusion: The State and the Reorganization of the British Cotton Industry, 1931–1939

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  • Greaves, Julian I.

Abstract

British industrial policy in the 1930s has generated considerable historical controversy. This article furthers the debate by using the cotton industry as a case study. The biggest constraint on active government policies toward cotton was not institutional inertia or “industrial diplomacy,” as some historians claim, but the sheer practical difficulty of intervening in such a complex industry. Cotton also poses problems for historians who see British industrial policy in the 1930s as largely about restraining competition. The government feared that restriction would make matters worse in the cotton industry and was therefore hesitant about backing schemes designed to limit competition. Its dilemma was how best to maintain private-sector confidence.

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  • Greaves, Julian I., 2002. "Competition, Collusion, and Confusion: The State and the Reorganization of the British Cotton Industry, 1931–1939," Enterprise & Society, Cambridge University Press, vol. 3(1), pages 48-79, March.
    • Handle: RePEc:cup:entsoc:v:3:y:2002:i:01:p:48-79_00
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    Cited by:

    1. Valerio Cerretano, 2009. "The Treasury, Britain's postwar reconstruction, and the industrial intervention of the Bank of England, 1921–91," Economic History Review, Economic History Society, vol. 62(s1), pages 80-100, August.

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