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Nineteenth century London water supply: Processes of innovation and improvement

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  • Nicola Tynan

Abstract

Public health concerns played a major role in driving the shift from private to government ownership of water works in Britain and the US. Poor water quality is one of the criticisms made of the eight water companies providing piped water to London during the nineteenth century. Critics argued that monopolistic water companies failed to invest in filtration, move their intake, increase capacity or expand their network until compelled to do so by regulation. Critics have taken a static view: looking at water and sanitation in London at a moment in time and identifying actions that the water companies could take that could improve water quality and, consequently, public health. Taking an Austrian process approach, however, shows that companies were continually investing to increase access to piped water and to improve water quality during a time of severe uncertainty and knowledge problems. Water companies often acted before the government to improve quality: early competition encouraged investment and innovation, while later government regulation followed entrepreneurs’ leads and imposed on all water companies improvements already implemented by some. Government decisions were responsible for much of the deterioration in water quality. Copyright Springer Science+Business Media, LLC 2013

Suggested Citation

  • Nicola Tynan, 2013. "Nineteenth century London water supply: Processes of innovation and improvement," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(1), pages 73-91, March.
  • Handle: RePEc:kap:revaec:v:26:y:2013:i:1:p:73-91
    DOI: 10.1007/s11138-012-0182-8
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    References listed on IDEAS

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    1. Kenneth G. Elzinga & Comment by Frank M. Machovec, 1999. "Industrial Organization and Human Action," Cato Journal, Cato Journal, Cato Institute, vol. 19(2), pages 233-253, Fall.
    2. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March.
    3. Tynan, Nicola, 2007. "Mill and Senior on London's Water Supply: Agency, Increasing Returns, and Natural Monopoly," Journal of the History of Economic Thought, Cambridge University Press, vol. 29(1), pages 49-65, March.
    4. Troesken, Werner, 1999. "Typhoid Rates and the Public Acquisition of Private Waterwork, 1880–1920," The Journal of Economic History, Cambridge University Press, vol. 59(4), pages 927-948, December.
    5. J. A. Hassan, 1985. "The Growth and Impact of the British Water Industry in the Nineteenth Century," Economic History Review, Economic History Society, vol. 38(4), pages 531-547, November.
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    Cited by:

    1. Troesken, Werner & Tynan, Nicola & Yang, Yuanxiaoyue Artemis, 2021. "What are the health benefits of a constant water supply? Evidence from London, 1860–1910," Explorations in Economic History, Elsevier, vol. 81(C).

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    More about this item

    Keywords

    Water supply; Innovation; Market process; JEL Classification; B53; N93; L95;
    All these keywords.

    JEL classification:

    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • N93 - Economic History - - Regional and Urban History - - - Europe: Pre-1913
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities

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