Journal Article

Rethinking the economic borders of the state—ownership, assets, and competition

Dieter Helm

in Oxford Review of Economic Policy

Published on behalf of The Oxford Review of Economic Policy Ltd

Volume 31, issue 2, pages 168-185
Published in print January 2015 | ISSN: 0266-903X
Published online October 2015 | e-ISSN: 1460-2121 | DOI: https://dx.doi.org/10.1093/oxrep/grv015
Rethinking the economic borders of the state—ownership, assets, and competition

More Like This

Show all results sharing these subjects:

  • Public Economics
  • Taxation, Subsidies, and Revenue
  • Publicly Provided Goods
  • Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

GO

Show Summary Details

Preview

The paper sets out a new asset-based framework for the economic borders of the state. It considers how the economic borders have changed in response to major shocks, notably in the 1980s, and the economic concepts which lay behind these shifts—notably, on the microeconomic side, the market and government failure framework and, on the macroeconomic side, the monetarist challenge to the Keynesian paradigm. The missing elements are the balance sheet and the treatment of assets, debt, and the interests of future generations. Particular attention is paid to utility and infrastructure assets as core public goods, and to the neglect of natural capital.

Keywords: government ownership; privatization; competition; public finance; taxation; subsidies; H11; H13; H2; H4; E6

Journal Article.  9855 words. 

Subjects: Public Economics ; Taxation, Subsidies, and Revenue ; Publicly Provided Goods ; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content. subscribe or login to access all content.