Abstract
The three previous chapters have all been concerned with major sectors of private industry, where the rules concerning pricing and output are based on the predominantly commercial considerations of profit-making, the growth of the firm, or some similar objective. The avowed aim of the nationalised industries is different. Since nationalisation first became a reality during the second half of the 1940s, various Acts and White Papers governing the conduct of the nationalised industries have proclaimed that they should not be operated on purely commercial principles, but should take into account social as well as private costs. The present chapter aims to illustrate the principles involved in operating nationalised industries by a study of the gas industry.
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© 1970 F. V. Meyer, D. C. Corner and J. E. S. Parker
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Meyer, F.V., Corner, D.C., Parker, J.E.S. (1970). The Gas Industry. In: Problems of a Mature Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15400-5_17
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DOI: https://doi.org/10.1007/978-1-349-15400-5_17
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-11315-8
Online ISBN: 978-1-349-15400-5
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