Water's Fall: Running the Risks with Economic RationalismAcademic examination of the massive rationalisation of Australia's water system in the closing decades of the 20th century. Investigates two major breakdowns: the Big Pong in Adelaide in the autumn of 1996 and the contamination crisis in Sydney in the winter of 1997. Uses the recent breakdowns in our water infrastructure to take the reader deep inside the ideas that govern modern society. Includes illustrations, appendices, notes and index. Author is a Visiting Fellow in the School of History at the University of New South Wales. Previous titles include 'War on the Wharves: A Cartoon History'. Illustrator is a prominent cartoonist who is regularly published in the 'Australian'. |
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Page 85
... Smith as " the economists ' Shakespeare " .29 Economics is , Stigler suggested in another context , " a stupendous palace erected on the granite of self - interest " .3 30 Self - interest is , of course , an important and necessary ...
... Smith as " the economists ' Shakespeare " .29 Economics is , Stigler suggested in another context , " a stupendous palace erected on the granite of self - interest " .3 30 Self - interest is , of course , an important and necessary ...
Page 86
... Smith did not believe that the private pursuit of selfish economic gain would always promote the public interest . On the contrary , he specified many areas and instances where self - interest operated to the opposite effect . In our ...
... Smith did not believe that the private pursuit of selfish economic gain would always promote the public interest . On the contrary , he specified many areas and instances where self - interest operated to the opposite effect . In our ...
Page 194
... Smith's work , but it is a more carefully qualified theme than neoliberal ideologists concede . 36 Adam Smith , The Theory of Moral Sentiments , Vol . 1 , Augustus M. Kelly , Edin- burgh , 1821 ( first published 1759 ) , p . 1 . 37 Smith ...
... Smith's work , but it is a more carefully qualified theme than neoliberal ideologists concede . 36 Adam Smith , The Theory of Moral Sentiments , Vol . 1 , Augustus M. Kelly , Edin- burgh , 1821 ( first published 1759 ) , p . 1 . 37 Smith ...
Contents
Introduction | 1 |
Supplying water | 182 |
The rise of economic rationalism | 184 |
Copyright | |
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Water's Fall: Running the Risks with Economic Rationalism Christopher Sheil No preview available - 2000 |
Common terms and phrases
Adam Smith Adelaide Adelaide's analysis annual argument assessment assets auditor Australian Big Pong Bloch boil-water alert breakdown capital catchment cent central Chapter citizens commercial commercialisation competition contamination crisis context contract corporation's corporatisation Cryptosporidium direct economic rationalism economic rationalism's effectively environmental failure filters firm Friedman Giardia Hayek Ibid increase individual investment John Maynard Keynes lagoons less major managing director Marc Bloch marginal marginalists million minister neoclassical economics neoliberal Nick Greiner NSW Health of-return oocysts operating organisation parasites Peter McClellan political potentially Potts Hill privatisation problem Productivity Commission profit Prospect plant public interest public services rate-of-return reporting rational maximiser relationship responsibility risks self-interest sewage sewerage Sheil social South Australia South Wales sub-managers Sydney Water Sydney's theoretical theory tion transaction costs Treasury treatment plants United Water utility utility's Warragamba Warragamba Dam Water Corporation water supply water systems wrote