Public Enterprise in Practice. The British experience of nationalization over two decades

Notes:

Reprinted. Scholarly account based on a general survey of the economic performance of the public sector with a particular emphasis on the way investment programmes were framed and evaluated. The project was initiated in the Applied Economics Dept of Cambridge University in the mid 1960s. Structured in three parts: 1] 'Technical efficiency' [pp3-170] - dealing essentially with productivity and making some international comparisons; 2] 'Finances' [pp173-283] - dealing with financial performance and in particular the large losses obtained at British Railways and British Overseas Aircraft Corp; 3] 'Investment' [pp287-392] - capital and yield, target rates of return, etc