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Growth, Profits and Technological Choice: The Case of the Lancashire Cotton Textile Industry, 1880-1914

Procter, S. and Toms, S. (2000) Growth, Profits and Technological Choice: The Case of the Lancashire Cotton Textile Industry, 1880-1914. Journal of Industrial History. pp. 54-72. ISSN 1463-6174

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Abstract

[FIRST PARAGRAPH] The institutional perspective sees the UK's economic decline in the twentieth century as rooted in the rigidities established at the end of the nineteenth. According to Elbau mand Lazonick, the competitive capitalism which had served Britain well in the earlier parts of the nineteenth century failed to transform itself into the corporate capitalism necessary for success by the century's end.1 From an institutional perspective the Lanca- shire cotton industry provides a classic example of this predicament. Its first basic weakness, argues Lazonick, lay in its industrial organization.2 The vertical specialization that characterized the industry - in particular, the split between cotton spinners and cotton weavers - meant that there did not exist the co-ordination of decision-making necessary to replace traditional methods of production with the new technologies of r ingspinning and automatic looms. This, it is argued, was a situation which persisted wel linto the twentieth century and which saw the industry unable in the end to withstand the pressures of foreign competition.

Item Type: Article
Keywords: cotton textiles, labour cost, industrial relations
Institution: The University of York
Academic Units: The University of York > The York Management School
Depositing User: Steven Toms
Date Deposited: 24 Jul 2006
Last Modified: 14 Oct 2014 10:15
Status: Published
Refereed: Yes
Related URLs:
URI: http://eprints.whiterose.ac.uk/id/eprint/1449

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