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Preface Part I. Setting the Stage: 1. The rise and fall of public enterprise: the framework Pier Angelo Toninelli 2. The decline of state-owned enterprise and the new foundations of the state-industry relationship Nicola Bellini 3. The performance of state-owned enterprises Yair Aharoni 4. The role of the state in economic growth Erik S. Reinert Part II. National Cases: 5. The rise and fall of state-owned enterprise in Germany Ulrich Wengenroth 6. Beyond state or market: Italy's futile search for a third way Franco Amatori 7. State enterprise in Britain in the twentieth century Robert Millward 8. The rise and decline of state-owned industry in twentieth-century France Emmanuel Chadeau 9. The rise and decline of Spanish state-owned firms Albert Carreras, Xavier Tafunell and Eugenio Torres 10. Fifty years of state-owned industry in Austria, 1946-1996 Dieter Stiefel 11. State-owned enterprises in the Netherlands in the long twentieth century M. Davids and Jan L. van Zanden 12. State-owned enterprises in a hostile environment Louis Galambos Conclusion: Schumpeter revisited Louis Galambos and William Baumol.