"A fundamental revolution has been under way in the operation of the public sector since World War II. The heart of the revolution is a transformation not just in the scope and scale of government action but also in its basic forms - in the tools of public action, the instruments or means used to address public problems. Many of the most rapidly expanding tools share a common feature: they are highly indirect. They rely on a wide assortment of third parties to deliver publicly financed services and pursue publicly authorized purposes. The upshot is an elaborate system of third-party government in which crucial elements of public authority are shared with a host of nongovernmental or other governmental actors."
Text of Note
"Among the new tools of public action, none is more curious, more obscure, and more difficult to penetrate than the government-sponsored enterprise. Not quite a private-sector company, yet not quite a government agency, the GSE occupies a strange netherworld of organizational life rarely visited by any but the most intrepid explorers."--Jacket.
TOPICAL NAME USED AS SUBJECT
Government-sponsored enterprises-- United States.
Loans-- United States-- Government guaranty.
Public-private sector cooperation-- United States.