Aims to explore the possibility of developing a neoclassical theory of institutional failure, based on “transaction costs”. Critically assesses the role of institutions in General Equilibrium theory and concludes that, with the exception of the market (price mechanism), this is...

Aims to examine the issue of industrial strategy (IS), paying particular attention to the case of Britain. Sets out to assess the possibility and nature of an industrial strategy for Britain, in Europe, and within the global scene, taking into account the world we live in as we see it....

Despite long-standing debates on deindustrialisation and the importance of manufacturing, as well as tests of the deindustrialisation hypothesis, little empirical work exists on the impact of manufacturing on competitiveness, where manufacturing is the independent variable. To address this first...

Aims to explore the possibility of developing a neoclassical theory of institutional failure, based on “transaction costs”. Critically assesses the role of institutions in General Equilibrium theory and concludes that, with the exception of the market (price mechanism), this is...

Aims to examine the issue of industrial strategy (IS), paying particular attention to the case of Britain. Sets out to assess the possibility and ature of an industrial strategy for Britain, in Europe, and within the global scene, taking into account the world we live in as we see it....

Despite long‐standing debates on deindustrialisation and the importance of manufacturing, as well as tests of the deindustrialisation hypothesis, little empirical work exists on the impact of manufacturing on competitiveness, where manufacturing is the independent variable. To address this...