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The great divestiture: evaluating the welfare impact of the British privatizations, 1979-1997 Florio, Massimo

By:

Florio, Massimo

Material type: Text

TextPublication details: Cambridge The MIT Press 2004 Description: xvi, 424 pISBN:

02620262402

Subject(s):

DDC classification:

362.941

Summary: The privatization carried out under the Thatcher and Major governments in Britain has been widely (although not universally) considered a success, and has greatly influenced the privatization of state industries in the transition economies of Eastern Europe. Massimo Florio's systematic analysis is the first comprehensive treatment of the overall welfare impact of this broad national policy of divestiture. Using the tools of social cost-benefit analysis, Florio assesses the effect of privatization on consumers, taxpayers, firms, shareholders, and workers. His conclusion may be surprising to some; his findings suggest that the changeover to private ownership per se had little effect on long-term trends in prices and productivity in Britain and contributed to regressive redistribution.

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Holdings
Item type	Current library	Call number	Status	Notes	Date due	Barcode	Item holds
Book	Ahmedabad	362.941 F4G7 (Browse shelf(Opens below))	Available	PM (1/8/2017)		160573

Total holds: 0

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Includes bibliographical references ( 381-407) and index.

The privatization carried out under the Thatcher and Major governments in Britain has been widely (although not universally) considered a success, and has greatly influenced the privatization of state industries in the transition economies of Eastern Europe. Massimo Florio's systematic analysis is the first comprehensive treatment of the overall welfare impact of this broad national policy of divestiture. Using the tools of social cost-benefit analysis, Florio assesses the effect of privatization on consumers, taxpayers, firms, shareholders, and workers. His conclusion may be surprising to some; his findings suggest that the changeover to private ownership per se had little effect on long-term trends in prices and productivity in Britain and contributed to regressive redistribution.

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