عنوان

In government we trust market failure and the delusions of privatisation

1971-73

Funnell, Warwick N.

In government we trust market failure and the delusions of privatisation

London

Pluto

2009

309 p. , 24 cm.

Includes bibliographical references )p. 291-303( and index.

"'In government we trust' is a response to the mounting disquiet throughout liberal democracies with the social and political consequences of aggressive free market philosophies. It examines market failures that privatisations have wrought, and the crisis of public trust resulting from an increasing number of high level failures. In an age of international terrorism, the responsibility of governments for the welfare of their citizens has assumed greater prominence and urgency. These realities have reminded even the strongest supporters of the market that governments may after all be a lot more important than providing the institutional skeleton necessary for markets to operate efficiently. Using examples of market failure or social crisis drawn from the experiences of Western liberal democracies - such as the collapse of Railtrack in the UK, the energy crisis in the US and the Sydney water treatment scandal in Australia - the authors show how such failures confirm that irrespective of the financial advantage advocated for free markets, ultimate responsibility for providing high quality services remain with government."--Provided by publisher.

، Capitalism , Political aspects

، Capitalism , Social aspects

، Economics , Sociological aspects

، Privatization , Economic aspects

، Economic development

، Business cycles

، Public utilities

، Economic policy

، Privatization

AU

Warwick Funnell, Robert Jupe and Jane Andrew

AU (.E treboR) .E .R ,epuJ

AU .enaJ ,werdnA

TI

ل‌ا‌ه دیجیت‌ان‌ابخ‌کت