Professor Lewis is to be congratulated upon being among the first economists to tackle the tricky subject of controlling the nationalised industries."Financial TimesThis book analyses some of the difficulties of costing and price formation that arise out of the existence of overhead costs in nationalised industry. Issues such as the law relating to monopoly and the accountability of public enterprise are considered, along with complex questions such as price formation and the problem of policy in public corporations.

Professor Lewis is to be congratulated upon being among the first economists to tackle the tricky subject of controlling the nationalised industries."Financial TimesThis book analyses some of the difficulties of costing and price formation that arise out of the existence of overhead costs in nationalised industry. Issues such as the law relating to monopoly and the accountability of public enterprise are considered, along with complex questions such as price formation and the problem of policy in public corporations.