First published in 1955, this book offers a detailed history from the past to the mid-20th century on economic control. The book examines economic competition, particularly regarding the British economic system, and Fogarty looks at its scope, as well as its limits. This analysis considers working conditions in the mid-20th century, examining the impacts of industry on the life and work of the British agricultural population. The book first examines production decisions, arguing that a systematic and periodic overhaul of control mechanisms are required. Fogarty goes to give a detailed analysis on decisions about industry objectives. Ultimately, a broader look is given on the wider economic setting, and the definition of the economist is itself examined, taking into account the wider role that economics played in 20th century society.
List of Tables and Charts
Part One – The Problem
1. Foreword: the Problem of Control
Part Two – Production Decisions
2. The Scope and Limits of Economic Competition, Immediately Significant Decisions within a Given Social Framework
3. The Scope and Limits of Economic Competition, Immediately Significant Decisions within a Given Social Framework – testing the Effectiveness of Competition in British Conditions
4. The Scope and Limits of Economic Competition, where Competition is less effective
5. Direction
6. Consultation as a Form of Control
7. The Need for a Systematic and Periodic Overhaul of Control Mechanisms
Part Three – Decisions about Objectives
8. Consumption and Savings
9. Provision for the Future - Investment
10. Provision for the Future - Research
11. Provision for the Future – Physical and Mental Health
12. Inter-Regional and International Relations - Population
13. Inter-Regional and International Relations – Trade and Investment: the Role of Competition
14. Inter-Regional and International Relations – Trade and Investment: the Role of Direction and Consultation
Part Four – Economics and its Wider Setting
15. What an Economist
16. The Economist and his Neighbours
17. The Changing Background
Further Reading
Index
Biography
Michael P. Fogarty
