It has long been recognised that one of the most important features of a production technology lies in its implications for managerial control over the production process. Amongst early writers, Charles Babbage observed : "One great advantage which we may derive from machinery is from the check...

West Germany's recovery and growth to a position of economic leadership over most other industrialized nations appears to have been achieved without the aid of widespread merger activity, at least up to the late nineteen-sixties. Although the official statistics understate the true number of...

Merger activity in West Germany remained at a low level in comparison with most industrialized countries until the late nineteen-sixties, but has increased very rapidly since then. Mergers notified to the Federal Cartel Office under section 23 of the 1958 Act Against Restraint of Competition...