Originally published in 1959, the author has observed at first hand the workings of public enterprise in Britain. He has coupled objectivity with an acute sense of economic perception and has produced a clear and ordered study of the workings of nationalization in industry at the time.
His book does not contain an argument on whether nationalization is desirable or not. On the assumption that there is nationalization he attempts to discuss certain important problems raised by it in the fields of management, pricing, resource allocation and public control. He hopes that a discussion of this nature will contribute towards ensuring the most satisfactory results from nationalization.
Introduction. 1. Nationalization and the Public Corporation 2. The Managerial Function under Nationalization 3. Pricing and Policy: A Case Study of Electricity 4. The Central Organization for a Nationalized Industry. Appendix A: Discrimination and Cross-subsidization 5. The Public Accountability of a Nationalized Industry 6. Allocation of Capital to Public Enterprise. Appendix B: Self-financing. Index.