British Industrial Capitalism Since the Industrial Revolution Book

	Figures and tables	ix
	Preface	xiii
1	Introduction: theories of industrial capitalism and the long wave	1
	Introduction	1
	Joseph Schumpeter: capitalist development and the long wave	2
	The neo-Schumpeterian framework: Christopher Freeman	9
	Perez: a historical model of the long wave	11
	Industrial capitalism in Britain since the Industrial Revolution	12
2	The Industrial Revolution Kondratieff	15
	Introduction	15
	The case for an Industrial Revolution Kondratieff: the empirical evidence	16
	The first long wave and the Napoleonic Wars	20
	Structural change and the First Industrial Revolution	29
3	The political economy of the first downswing, 1815-40s	33
	Introduction	33
	The Perez model	34
	Britain and the first long wave: an historical overview	37
	The technological style	40
	Institutional structure and mode of development	49
	The structural crisis, 1837-42	51
4	The upswing of the second Kondratieff: a mid-Victorian boom	62
	Introduction	62
	A mid-Victorian boom: the empirical evidence	62
	The technological style in the mid-Victorian period	67
	The export economy and mid-Victorian expansion	78
5	The late Victorian economy: decline and downswing, 1873-96	82
	Introduction	82
	The performance of the late Victorian economy	82
	The new technological style and British industry, 1873-96	88
	The missing structural crisis in late Victorian Britain	95
6	The missing upswing and Edwardian crisis, c. 1896-1914	103
	Introduction	103
	The Edwardian economy	104
	The unresolved crisis: tariff reform	107
	Education and industry in Edwardian Britain	112
	Business organization in Edwardian Britain	118
	Business and labour	124
	British industrial capitalism: finance and industry	126
7	The downswing of the third Kondratieff: depression and unemployment in interwar Britain	131
	Introduction	131
	The interwar downswing: the empirical evidence	132
	Structural change and the technological style	135
	Business and the state in the interwar years	145
	The Keynesian revolution: a new mode of development	148
8	The upswing of the fourth Kondratieff: Britain during the long boom	156
	Introduction	156
	The long boom in the world economy and British economic performance	157
	The British economy during the long boom	162
	Keynesian macroeconomic policy during the long boom	174
9	The post-1973 downswing: de-industrialization and the Thatcher experiment	183
	Introduction	183
	The post-1973 downswing: the empirical evidence	184
	Causes of the downturn	187
	Crisis and state strategies in the 1970s	193
	The Thatcher experiment: a new mode of development	198
10	Conclusion: the long wave and British industrial capitalism	210
	Notes	215
	Bibliography	249
	Index	265