Growth, profits and technological choice: The case of the Lancashire cotton textile industry

Using Lancashire textile industry company case studies and financial records, mainly from the period just before the First World War, the processes of growth and decline are re-examined. These are considered by reference to the nature of Lancashire entrepreneurship and the impact on technological choice. Capital accumulation, associated wealth distributions and the character of Lancashire business organisation were sybiotically linked to the success of the industry before 1914. However, the legacy of that accumulation in later decades, chronic overcapacity, formed a barrier to reconstruction and enhanced the preciptious decline of a once great industry

Effective action for the Yukawa model in curved spacetime

We consider the one-loop renormalization of a real scalar field interacting with a Dirac spinor field in curved spacetime. A general Yukawa interaction is considered which includes both a scalar and a pseudoscalar coupling. The scalar field is assumed to be non-minimally coupled to the gravitational field and to have a general quartic self-interaction potential. All of the one-loop renormalization group functions are evaluated and in the special case where there is no mass scale present in the classical theory (apart from the fields) we evaluate the one-loop effective action up to and including order $R^2$ in the curvature. In the case where the fermion is massive we include a chiral term in $\gamma_5$ and we show that although the $\gamma_5$ term can be removed by a redefinition of the spinor field an anomaly in the effective action arises that is related to the familiar axial current anomaly.Comment: 28 page

Renormalization and vacuum energy for an interacting scalar field in a \delta-function potential

We study a self-interacting scalar field theory in the presence of a \delta-function background potential. The role of surface interactions in obtaining a renormalizable theory is stressed and demonstrated by a two-loop calculation. The necessary counterterms are evaluated by adopting dimensional regularization and the background field method. We also calculate the effective potential for a complex scalar field in a non-simply connected spacetime in the presence of a \delta-function potential. The effective potential is evaluated as a function of an arbitrary phase factor associated with the choice of boundary conditions in the non-simply connected spacetime. We obtain asymptotic expansions of the results for both large and small \delta-function strengths, and stress how the non-analytic nature of the small strength result vitiates any analysis based on standard weak field perturbation theory.Comment: To appear in the special issue of J. Phys. A to honour J. S. Dowke