The New Palgrave Dictionary of Economics

Living Edition
| Editors: Palgrave Macmillan

Nationalization

  • M. V. Posner
Living reference work entry
DOI: https://doi.org/10.1057/978-1-349-95121-5_1013-1

Abstract

In socialist economies most enterprises, and all large enterprises, are publicly owned and controlled. In most capitalist economies, at most times, there have been some examples of enterprises owned, controlled, or managed by agents of the government. Naval shipyards, munitions factories, post offices, early telecommunication systems, and the water cycle – these are some of the earliest and continuing examples of public enterprise in an essentially private, capitalist setting.

Keywords

Public Utility Supervisory Board Public Enterprise Marginal Cost Price Public Ownership 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Bibliography

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Copyright information

© The Author(s) 1987

Authors and Affiliations

  • M. V. Posner
    • 1
  1. 1.