Description
Book SynopsisIn this vigorous and well-documented current view of competition in the mid-western coal industry, Reed Moyer has set himself two tasks: to bring up to date existing economic analyses and to correct a distortion which arises from generalizing about an industry composed of several diverse parts.Most previous economic analyses have become obsolete, partly because of the shifting picture within the industry. Moyer's detailed study of the economic behavior of the midwestern coal industry focuses on the transformation in the mining operation. Contrary to popular opinion, the bituminous coal industry in the Midwest is not chronically depressed; instead, it is successfully surmounting years of stagnation dating back to the 1920s, the effects of strikes, and the stiff competition offered coal by other fuels in the recent past. Concerned primarily with the coal producing regions of Illinois, Indiana, and western Kentucky, the author considers not only the economic factors touching the industry,
