Tab Article

Ratings : ★★★★☆ (4.2/5)
Genre : Economics / Finance / History / Business / Non-Fiction

Review:
''The Finance of British Industry 1918-1976 by W.A. Thomas is a meticulously researched and highly informative work that provides a clear and objective account of trends in industrial finance from the end of the First World War to the mid-1970s. Thomas, a Senior Lecturer in Economics at the University of Liverpool, offers a detailed examination of the main sources of funds for British industry, covering both long-term and short-term funding. The book is divided into two parts: Part One examines the inter-war years, including the demand for funds, the establishment of the domestic new issue market, the role of clearing banks, internal funds, and the Macmillan Gap. Part Two covers the post-war period, addressing the capital market, banks and industry, internal finance, trade credit, public corporations, and sources and uses of funds from 1952 to 1976. The Economist praised the book as 'an important and necessary prelude to any serious discussion of the dynamic role of financial and capital markets.' This Methuen University Paperback edition makes this essential reference work accessible to students and researchers. An invaluable resource for anyone interested in British economic history, corporate finance, or industrial policy.''