Britain's Productivity Gap in the 1930s: Some Neglected Factors
重新解释两次世界大战期间英国生产率落后于美国的原因，指出人力资本不足、工人限制性做法和合谋协议是关键因素，并认为企业结构问题被过度强调。
This article proposes a reinterpretation of the failure of interwar British productivity levels to match those of the United States. We argue that key elements in poor British productivity performance included inadequate human capital, a bargaining environment that allowed workers to maintain restrictive practices, and collusive agreements that limited the exit of inefficient firms. We suggest that weaknesses in the structure of British firms pointed out by Chandler and his followers have been overemphasized and that more attention should be given to the role of the market environment in determining the conduct of business.