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Scaling the Commanding Heights of Public Enterprise Economics

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  • Fine, Ben

Abstract

There is a new orthodoxy in the economics of the public sector that has been promoted by privatization and for which ownership, as such, is essentially seen as irrelevant as compared to conditions of competition and regulation. This is shown to depend upon an illegitimate and static view of the beneficial effects of competition; a questionable distinction between natural and artificial monopoly; a false history of the motives for, and the performance of, the nationalized industries; a reduction of industrial to competition policy; and a failure to examine intersectoral linkages. Rectifying these deficiencies suggests an alternative analytical, and more favorable, stance on public ownership. Copyright 1990 by Oxford University Press.

Suggested Citation

  • Fine, Ben, 1990. "Scaling the Commanding Heights of Public Enterprise Economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 14(2), pages 127-142, June.
    • Handle: RePEc:oup:cambje:v:14:y:1990:i:2:p:127-42
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    Cited by:

    1. Mavroudeas, Stavros & Tsoulfidis, Lefteris, 1999. "Comments on Ben Fine's paper 'Privatisation: Theory with Lessons from the UK'," MPRA Paper 19731, University Library of Munich, Germany.
    2. Ben FINE & David HALL, 2010. "Contesting neoliberalism: public sector alternatives for service delivery," Departmental Working Papers 2010-27, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    3. Kate Bayliss & Ben Fine & Mary Robertson, 2016. "The Role of the State in Financialised Systems of Provision: Social Compacting, Social Policy, and Privatisation," Working papers wpaper154, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.

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