The economics of the American aircraft manufacturing industry have been determined in large measure by government aviation policies and the market for military airplanes. This was most apparent in the 1920s, when the industry suffered from sharply reduced military orders and an almost nonexistent demand for civilian aircraft. Struggling for survival, manufacturers singled out the Naval Aircraft Factory, a large navy-owned and run facility in Philadelphia, as at least partially responsible for the dislocation of their industry; they insisted that it and other forms of “government competition” be eliminated. Professor Trimble explores in this article how the ensuing controversy caused naval and civilian officials in the 1920s to develop policies that integrated the factory into naval aircraft procurement and helped to ameliorate the problems of private aircraft contractors.

The current scholarly interest in contemporary Japanese businesses has somewhat obscured their equally fascinating early historical development. In this article, Professor Wilkins emphasizes both the extent and the variety of Japanese multinational enterprise before the First World War, and offers a basis for comparing its differences and similarities with the conventional American model.

Welfare capitalism has been perceived by many historians as succumbing to the stresses of the Depression. The work of recent scholars has contributed to an understanding of welfarism's continued existence through the 1930s and beyond, but little attention has been given to the process by which employers revitalized welfare work after the 1920s. In this article, Ms. Fones-Wolf explores the key role the Second World War played in helping to expand and legitimize corporate-sponsored welfarism, particularly in the area of recreational activity. With union resistance to welfare plans diminished, employers were able to extend their experimentation with this managerial device, thereby helping to defuse a postwar resurgence of militant unionism.

The centrality of transportation improvements and financial institutions to the economic development of Upper Canada in the first half of the nineteenth century is well known. In this article, Professor George and Mr. Sworden argue that the evolving legal system and legal institutions also played an important role as part of the infrastructure contributing to increased economic efficiency. In support of their thesis, they draw on court decisions on contract and property law, primarily from the judicial career of Sir John Beverley Robinson, chief justice of the Court of Queen's Bench for Upper Canada from 1829 to 1862.

As the Kress Library of Business and Economics approaches its fiftieth anniversary in 1988, it seems an appropriate time to reflect upon the library's origins. In this essay, Ruth Rogers explains how the foundation of the collection came to the Harvard Business School, what it encompasses, and how it has evolved over the years. Some major changes are evident at the close of the Kress Library's first half-century, but its perspective will always be rooted in the past.