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  3. Market Services and the Productivity Race, 1850–2000
  • Cited by 47
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    • Publisher:
      Cambridge University Press
      Publication date:
      25 July 2009
      26 October 2006
      ISBN:
      9780511495748
      9780521867184
      9780521123143
      DOI:
      https://doi.org/10.1017/CBO9780511495748
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.82kg, 430 Pages
      Dimensions:
      (229 x 152 mm)
      Weight & Pages:
      0.63kg, 432 Pages
      • Subjects:
      British History after 1450, History, Regional History after 1500, Economic History
      Series:
      Cambridge Studies in Economic History - Second Series
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    • Selected: Digital
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    Subjects:
    British History after 1450, History, Regional History after 1500, Economic History
    Series:
    Cambridge Studies in Economic History - Second Series
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    Book description

    Now that services account for such a dominant part of economic activity, it has become apparent that achieving high levels of productivity in the economy requires high levels of productivity in services. This book offers a major reassessment of Britain's comparative productivity performance over the last 150 years. Whereas in the mid-nineteenth century Britain had higher productivity than the United States and Germany, by 1990 both countries had overtaken Britain. The key to achieving high productivity was the 'industrialisation' of market services, which involved both the serving of business and the provision of mass-market consumer services in a more business like fashion. Comparative productivity varied with the uneven spread of industrialised service sector provision across sectors. Stephen Broadberry provides a quantitative overview of these trends, together with a qualitative account of developments within individual sectors, including shipping, railways, road and air transport, telecommunications, wholesale and retail distribution, banking, and finance.

    Reviews

    'The book's great achievement is to force us to refocus our thinking.'

    Source: Contemporary European History

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