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The Gas Industry

In: Problems of a Mature Economy

Author

Listed:
  • F. V. Meyer
  • D. C. Corner
  • J. E. S. Parker

Abstract

The three previous chapters have all been concerned with major sectors of private industry, where the rules concerning pricing and output are based on the predominantly commercial considerations of profit-making, the growth of the firm, or some similar objective. The avowed aim of the nationalised industries is different. Since nationalisation first became a reality during the second half of the 1940s, various Acts and White Papers governing the conduct of the nationalised industries have proclaimed that they should not be operated on purely commercial principles, but should take into account social as well as private costs. The present chapter aims to illustrate the principles involved in operating nationalised industries by a study of the gas industry.

Suggested Citation

  • F. V. Meyer & D. C. Corner & J. E. S. Parker, 1970. "The Gas Industry," Palgrave Macmillan Books, in: Problems of a Mature Economy, chapter 17, pages 331-346, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-15400-5_17
    DOI: 10.1007/978-1-349-15400-5_17
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