Stateowned Enterprises in a Mixed Economy: Micro Versus Macro Economic Objectives

By Mehdi Haririan

Book Overview

A distinctive feature of economic trends of the past three decades has been the increase in microeconomic intervention by state-owned enterprises (SOEs) in the market economies of rich industrial and poor developing nations. The majority of SOEs were established as policy instruments of choice in response to a variety of socioeconomic needs and socio-political problems. As persuasively demonstrated in this book, microeconomic efficiency criteria alone, stemming from the theory of a perfectly competitive economy, are badly designed criteria for public firms. The historical part of the book, in particular, discusses quite compellingly a number of causes other than market failures for the existence of state-owned enterprises. This discussion develops complex answers regarding causes for the existence of public firms.

• Format: Paperback
• Language: English
• ISBN: 0367304236
• ISBN13: 9780367304232
• Release Date: May 2021
• Publisher: Routledge
• Length: 198 Pages
• Weight: 0.65 lbs.
• Dimensions: 0.6" x 5.8" x 8.8"