Forging Industrial Policy: The United States, Britain, and France in the Railway Age

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Cambridge University Press, 1994 - Business & Economics - 262 pages
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The United States, France, and Britain use markedly different kinds of industrial policies to foster economic growth. To understand the origins of these different policies, this book examines the evolution of public policies governing one of the first modern industries, the railroads. The author challenges conventional thinking in economics, political science, and sociology by arguing that cultural meaning plays an important role in the development of purportedly rational policies designed to promote industrial growth. This book has implications for the study of rational institutions of all sorts, including science, management, and economics, as well as for the study of culture.
 

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Contents

Political culture and industrial rationality
1
Political realism
5
Economic realism
7
Institutional realism
9
Culture and meaning in modern states
10
Institutionalized meaning systems
12
Rationalized meaning systems
15
Vocabulary for a cultural approach to policy
18
The expansion of state controls
135
Pricing and competition
141
Early ratesetting
142
Industry structure and competition
144
The maturation of pricing and competition policy
147
Conclusion
153
Britain
158
British state structure
160

The argument
19
Political culture
22
Emergent industrial culture
23
Conclusion
26
The United States
28
American state structure
30
Railway policy
35
Planning
36
Federal planning
38
Finance
40
Federal promotion
49
Technical and managerial coordination
59
Pricing and competition
64
State regulation
66
Federal regulation
75
Conclusion
91
France
95
French state structure
97
French railway policy
103
Planning
105
The maturation of public planning
108
Finance
116
Should the railways be public or private?
117
Mixed construction and private operation
123
Technical and managerial coordination
132
Railway policy
165
Planning
166
The battle over expropriation
167
Finance
175
Technical and managerial coordination
178
Safety
180
Operations gauge scheduling and time
192
Pricing and competition
196
Rates
197
Competition
199
Conclusion
208
Conclusion
213
The rise of industrial policy paradigms
214
Culture and rationality
217
Politics and rationality
218
Are interest groups primordial or constructed?
219
Does the strongest group always win?
220
Economics and rationality
222
The social origins of economic principles
224
Institutions and rationality
227
Conclusion
230
Bibliography
233
Index
255
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