Picture water droplets

Developing mathematical theories of the physical world: Open Access research on fluid dynamics from Strathclyde

Strathprints makes available Open Access scholarly outputs by Strathclyde's Department of Mathematics & Statistics, where continuum mechanics and industrial mathematics is a specialism. Such research seeks to understand fluid dynamics, among many other related areas such as liquid crystals and droplet evaporation.

The Department of Mathematics & Statistics also demonstrates expertise in population modelling & epidemiology, stochastic analysis, applied analysis and scientific computing. Access world leading mathematical and statistical Open Access research!

Explore all Strathclyde Open Access research...

The cost of coal

Simpson, David (1984) The cost of coal. Quarterly Economic Commentary, 9 (4). pp. 63-65. ISSN 0306-7866

[img] PDF (FEC_9_4_1984_SimpsonD)
Final Published Version

Download (81kB)


The organisation and finances of the National Coal Board as depicted in the recent report of the Monopolies and Mergers Commission makes devastating reading. The unemotional tone of the report lays bare a tale of mismanagement and incompetence. A comparison with the Soviet Union is suggested by the fact that the industry has apparently been run since nationalisation in 1947 like an industry in a planned economy, i.e with physical performance rather than financial indicators. As a consequence of the way in which the industry has been run, it has become a huge drain on the resources of the rest of society. This economic perspective considers all the costs of the Coal Board's mismanagement.