Did small scale firms inhibit Victorian Growth?

Britain’s manufacturing firms have been accused of remaining family-run and small scale in the period 1850-1914, so ignoring the benefits of the large corporation evident in the USA. Discuss whether this represents a form of entrepreneurial failure by the owners of British firms. Chandler identifies that corporation’s in America are vertically and horizontally integrated, invested Read more about Did small scale firms inhibit Victorian Growth?[…]

Was there a Victorian Failure in Manufacturing?

Comparisons of Britain’s labour productivity in manufacturing with that of other industrialised countries, such as the USA and Germany, from 1850-1914 suggest no dramatic decline in this sector during the period. However, labour productivity performance at the whole economy level was poor in comparison to other countries. (a) How can this be explained (b) Does Read more about Was there a Victorian Failure in Manufacturing?[…]