The Political Economy of Nationalisation in Britain 1920-50

In this study of the causes of nationalization, experts in British industrial history analyze the public ownership debates. During the Labour governments of 1945-51 a number of important industries were taken into public ownership, and legislation was passed for the nationalization of the steel industry. It was argued that nationalization would lead to an improvement in the efficiency of these key sectors, on which the rest of British industry depended for inputs.