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State or Private Control?

  • Paul R. Ferguson
  • Glenys J. Ferguson

Abstract

Even where governments generally favour the operation of market forces, there is often state control of the production of certain goods and services. This involves either state ownership of the industry or state regulation of the way in which private sector firms operate. Recent developments in economic theory have increasingly questioned the benefits and usefulness of this type of intervention, and these views are reinforced by the relatively poor performance of industries under state control.

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Copyright information

© Paul R. Ferguson and Glenys J. Ferguson 1994

Authors and Affiliations

  • Paul R. Ferguson
  • Glenys J. Ferguson

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