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Oxford’s Contributions to Industrial Economics from the 1920s to the 1980s

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  • Lise Arena

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

Abstract

This chapter assesses Oxford's contributions to the emergence and institutionalisation of industrial economics as an academic discipline. Based on the analysis of primary sources (interviews, unpublished documents, archives, academic journals and teaching programmes), it charts and evaluates the gradual and, at times, conflictual process of the institutionalisation of industrial economics at Oxford from the 1920s to the 1980s. We show that Oxford's contribution to industrial economics was not attributable to any specific school of thought, as could be argued was the case for Cambridge. This was mainly due to the lack of emblematic figures at Oxford and/or the relative isolation of successive individuals elected to the Drummond Chair. Yet, it is argued that Oxford produced a unified methodological body and a unique approach to industrial economics based on an empirical approach to the firm and to organisations.

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  • Lise Arena, 2021. "Oxford’s Contributions to Industrial Economics from the 1920s to the 1980s," Post-Print hal-03290294, HAL.
    • Handle: RePEc:hal:journl:hal-03290294
    DOI: 10.1007/978-3-030-58471-9_3
    Note: View the original document on HAL open archive server: https://hal.science/hal-03290294
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    References listed on IDEAS

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    3. Baumol, William J, 1982. "Contestable Markets: An Uprising in the Theory of Industry Structure," American Economic Review, American Economic Association, vol. 72(1), pages 1-15, March.
    4. Macgregor, David Hutchinson, 1906. "Industrial Combination," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number macgregor1906.
    5. Warren Young & Frederic S. Lee, 1993. "Oxford Economics and Oxford Economists," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37437-9.
    6. R. L. Hall & C. J. Hitch, 1939. "Price Theory And Business Behaviour," Oxford Economic Papers, Oxford University Press, vol. 0(1), pages 12-45.
    7. N. H. Leyland, 1964. "Growth And Competition," Oxford Economic Papers, Oxford University Press, vol. 16(1), pages 3-8.
    8. Warren Young & Frederic S. Lee, 1993. "From Oxford Political Economy to Oxford Economics, 1922 to 1939," Palgrave Macmillan Books, in: Oxford Economics and Oxford Economists, chapter 1, pages 12-27, Palgrave Macmillan.
    9. G. B. Richardson & N. H. Leyland, 1964. "The Growth Of Firms," Oxford Economic Papers, Oxford University Press, vol. 16(1), pages 1-2.
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