Abstract
Often the Government can help most by getting out of the way. In the 1970s the state ran the phone company and the main airline. It manufactured cars and steel and ran a high street bank. Privatisation has expanded the market sector, transferring the ownership of almost 50 major businesses to the private sector where efficiency has been improved by market disciplines (1994 White Paper, Competitiveness: Helping Business to Win, Cm 2563, London: HMSO, p. 16).
This is a preview of subscription content, log in via an institution to check access.
Preview
Unable to display preview. Download preview PDF.
Further reading
Beesley, M. E. (1992) Privatisation Regulation and Deregulation (London: Routledge).
Bishop, M., Kay, J. and Mayer, C. (eds) (1994) Privatisation and Economic Performance (Oxford: Oxford University Press).
Bishop, M., Kay, J. and Mayer, C. (eds) (1994) The Regulatory Challenge (Oxford: Oxford University Press).
Department of Trade and Industry (1994) The Future of Postal Services: A Consultative Document, Cm 2614 (London: HMSO).
Department of Transport (1992) New Opportunities for the Railways: The Privatisation of British Rail, Cm 2012 (London: HMSO).
DGT (1988) The Regulation of British Telecom’s Prices: A Consultative Document (London: OFTEL).
Ernst. J. (1994) Whose Utility? The Social Impact of Public Utility Privatisation and Regulation in Britain (Buckingham: Open University Press).
Foreman-Peck, J. and Millward, R. (1994) Public and Private Ownership of British Industry 1820–1990 (Oxford: Clarendon Press).
Foster, C. D. (1992) Privatisation, Public Ownership and the Regulation of Natural Monopoly (Oxford: Blackwell).
Jackson, P. M. and Price, C. M. (1994) Privatisation and Regulation: A Review of the Issues (Harlow: Longman).
National Consumer Council (1989) In the Absence of Competition: A Consumer View of Public Utilities Regulation (London: HMSO).
Ramanadham, V. V. (1991) The Economics of Public Enterprise (London: Routledge).
Ramanadham, V. V. (1993) Privatisation: A Global Perspective (London: Routledge).
Ramanadham, V. V. (ed.) (1994) Privatisation and After: Monitoring and Regulation (London: Routledge).
Ramanadham, V. V. (ed.) (1995) Privatisation and Equity (London: Routledge).
Rees, R. (1994) The Economics of Regulation and Public Enterprise (Hemel Hempstead: Harvester Wheatsheaf).
Vickers, J. and Yarrow, G. (1988) Privatisation: An Economic Analysis (Cambridge, Mass: MIT Press).
Weyman-Jones, T. and Price, C. (1993) Regulating Public Utilities (Hemel Hempstead: Harvester Wheatsheaf).
Author information
Authors and Affiliations
Copyright information
© 1995 Stephen J. Bailey
About this chapter
Cite this chapter
Bailey, S.J. (1995). Nationalisation, Privatisation and Regulation. In: Public Sector Economics. Macmillan Texts in Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-24004-3_13
Download citation
DOI: https://doi.org/10.1007/978-1-349-24004-3_13
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-59802-3
Online ISBN: 978-1-349-24004-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)