Conclusion: the Effectiveness of the U.K. Capital Market

  • Kenneth Midgley
  • Ronald Burns
Part of the Studies in Finance and Accounting book series


Assessments of the effectiveness of any part of the economic mechanism of the United Kingdom tend these days to be related to the disappointing post-war growth record of the U.K. economy in comparison with those of many other industrial nations. Whether the object of study is labour relations, monopoly and mergers, or the capital market, an important issue in the mind of the investigator is: to what extent are any imperfections in the operating mechanism responsible for the poor performance of the economy? There are of course various ways of measuring the success of an economy, but if measured in terms of growth of real gross national product per annum, the United Kingdom’s recent performance can be compared (see Table 6.1).


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Further Reading

  1. M. Brett, W. Brody and G. Stobart. Stobart, ‘The City and Industry, Investors Chronicle (1975).Google Scholar
  2. G. J. Burgess and A. J. Webb, ‘The Profits of British Industry’, Lloyds Bank Review (April 1974).Google Scholar
  3. F. Gairncross and H. McCrae, The Second Great Crash (London: Methuen, 1975).Google Scholar
  4. P. Ferris, Men and Money: Financial Europe Today (Harmondsworth: Penguin, 1970).Google Scholar
  5. M. Parkin, ‘Where is Britain’s Inflation Going’, Lloyds Bank Review (July 1975)Google Scholar
  6. P. Readman, J. Davies, J. Hoare and D. Poole, The European Money Puzzle (London: Michael Joseph, 1974).Google Scholar
  7. J. M. Samuels, R. E. V. Groves and G. S. Goddard, Company Finance in Europe (Institute of Chartered Accountants, 1976).Google Scholar
  8. ‘Capital Requirements and Industrial Finance’, Midland Bank Review (February 1976).Google Scholar

Copyright information

© Kenneth Midgley and Ronald Burns 1977

Authors and Affiliations

  • Kenneth Midgley
    • 1
  • Ronald Burns
    • 2
  1. 1.Brighton PolytechnicUK
  2. 2.Portsmouth Management CentrePortsmouth PolytechnicUK

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