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Modern capitalism: the changing balance of public and private power

Author: Shonfield, Andrew Publisher: Oxford University Press (OUP) 1965.Language: EnglishDescription: 456 p. ; 25 cm.ISBN: 0195002989Type of document: BookBibliography/Index: Includes bibliographical references and index
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Item type Current location Collection Call number Status Date due
Book Doriot Library
Main Collection
Print HB501 .S56 1966
(Browse shelf)
000212088
Available
Book Doriot Library
Main Collection
Print HB501 .S56 1965
(Browse shelf)
000212070
Available

Includes bibliographical references and index

Digitized

CONTENTS ABBREVIATIONS INTRODUCTION TO THE PAPERBCK EDITION INTRODUCTION Part 1 xi xiii xiii ECONOMIC TRENDS 1. THE SIGNS OF CHANGE Welfare and Savings, 6; Anatomy of Recession, 10; US_Europe Contrasts 15 19 3 11. INTIMATIONS OF STABILITY: BUILDING AND INTERNATIONAL TRADE Declining Share of Primary Produce, 23; Long Swings in Construction, 26; Will the Import Spree Last? 30 1 1 INNOVATION SPEEDED UP 1. Labour- and Capital-Saving Investment, 48; Recessions and Business Psychology, 54 IV. THE ARGUMENT IN BRIEF Part 2 40 61 THE APPROACH TO PLANNING ' V. THE ETATIST TRADITION: FRANCE The Record of Public Intervention, 73; Towards the Mixed Enterprise, 80 VI. BRITAIN R\I THE POSTWAR WORLD: ARM'S LENGTH GOVERNMENT Labour Policies, 91; The Evolution of Conservative Government, 9 9 ; Uncertain Experiments of the 1960s, 107; Wage-Earners and lhe Unpaternal State, 112 71 88 VII. THE DEVELOPMENT OF PLANNING IN FRANCE 121 Different National Styles, 122; After Monnet, 125; A Conspiracy to Plan, 128; The Nineteen-Sixties, 130; Targets and Pressures, 134; Flexibility, 140; The Democratic Urge, 141; Power versus Persuasion, 145; The Example of Price Control, 148 VIII. PLANNING: BRITAIN AND FRANCE COMPARED 151 The Role of the Expert, 155; Emphasis on the Short Term, 156; Weak Industrial Nexus, 157; The Control of Economic Power, 160; Instruments of Pressure, 163; The Management of Credit, 166; Uncertain British Formula, 171 IX. VARIETIES O F EUROPEAN EXPERIENCE 176 1. The State as Entrepreneur: Italy and Austria 176 Left-overs of Fascism, 177; Bank of Italy, 180; The 'Condottiere Principle': ENI, 184; State Capitalism: IRI, 185; A Philosophy of Public Entrepreneurship, 189; Managerial Democracy: The Austrian Experience, 192; Italian Approach to Planning, 196 2. Man'power Planning: Sweden 199 The Active Consensus, 199; Labour and Investment, 201 Centralized Power, 203; The Central Wage Bargain, 2 06 3. The Control of Wages and Incomes 21 1 Dutch cxpenence, 211; Chasing an 'Incomes P o l i c y ' , 217 X. PLANNING IN GENERAL Limitations of Planning Techniques, 224; Corporatism and Public Power, 230; The Planner as Politician, 233 221 Part 3 MARKET IDEOLOGIES XI. ORGANIZED PRIVATE ENTERPRISE: GERMANY 239 Centralized Power, 240; The Industrial Associations, 242; Banks as Prefects, 246; Company Supervisory Boards, 250; Co-ordination by Banker, 253; The Steel Industry, 255; Business Planning, 259; 'Politico-economic Agency', 260 XII. GERMAN ECONOMIC POLICY: THEORY AND 265 PRACTICE Divided Authority, 268; Orderly Housekeeping, 272; Private Enterprise and Public Guidance, 276; A New Type of Nationalized Bank? 279; A Policy of Discrimination, 282; Breaking Through the Fiscal Barrier, 284; Controlling the Business Cycle, 286; Approach to Planning, 290; The Use of Public Power, 294 XIII. THE UNITED STATES: THE UNCERTAIN ROLE OF PUBLIC POWER 298 Tradition of Public Enterprise, 301; The Reversal of the Late Nineteenth Century, 304; Debate on American History, 306; Two Doctrines of the New Deal, 309; The New Deal's Permanent Legacy, 312; Roosevelt and the Fragmentation of Government, 315; The Federal Agencies, 318; Government by Bargaining-with Exceptions, 323; Judicial Instruments for Political Ends, 326 XIV. UNITED STATES POLICY IN THE 1960s 330 Government and Business, 333; The Real Impediment to Planning, 335; The Limits of Ideology, 338; Economic Disciplines from the Department of Defense, 341; The Changing Mood of Government, 343; Corporations as Planners, 346; The Approach to Consensus, 350; A Disappearing Surplus of Resources. 353 XV. THE CHANGING STYLE OF PRIVATE ENTERPRISE 358 Big Business and the Long-Term View, 360; Prices and the Public Interest, 365; Science-based Industries, 369; The Factor of Size, 371; A Trial Run in Computers, 374; The Politics of Private Economic Power, 376; Who Manages the Managers? 380 Part 4 AN ESSAY ON SOME POLITICAL IMPLICATIONS O F ACTIVE GOVERNMENT 385 Three Safeguards, 387; Making Power Visible, 389; British Theory of Executive Authority, 391; The `Informing Function' of the Bureaucracy, 396; Sweden: The Principle of the Goldfish Bowl, 399; Parliaments and Juries in Britain, 400; The AN ESSAY ON SOME POLITICAL IMPLICATIONS OF ACTIVE GOVERNMENT -continued Independent Official, 404; A Reversal o the Separation of f Powers, 408; Discretionary Power versus Judicial Authority, 411; Conseil d'Etat, 414; Development of French Administrative Law; 417; Emphasis on Procedure, 419; The Ombudsman, 421; A Cult of Bureaucratic Humanity, 425 APPENDICES I. The Industrial Countries as a Market for Capital Goods 1 . Trade in Synthetic Products 1 111. Growth of Public Investment: Germany and Great Britain Compared IV. Discriminatory Subsidies and Tax Concessions in Germany and Britain V. The Control of the United States Oil Market INDEX 428 430 432 435 439 441

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