The development and impact of nationalisation in Britain

The relationship between Government and economy, the best obtainable pattern of public and private sectors in market economies, is an issue of constant interest for economists and politicians of the Western world. Can nationalisation of industries, i.e. the alteration or termination of control or ownership of private property by the state, improve the economic situation of a country and its workers and consumers? Here is a survey on the more than thirty years’ development and impact of nationalisation in Great Britain.