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'. |
From inside the book
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Page 48
... cost transfer to labour , not lower net costs to our society or a real improvement in efficiency.20 Returning to the narrower world of economic rationalism , lower short - term internal costs will clearly not mean productivity improve ...
... cost transfer to labour , not lower net costs to our society or a real improvement in efficiency.20 Returning to the narrower world of economic rationalism , lower short - term internal costs will clearly not mean productivity improve ...
Page 70
... costs of organising an extra transaction within the firm are equal to the costs involved in carrying out the transaction in the open market , or to the costs of organising by another entrepreneur " .5 Coase's insight was virtually ...
... costs of organising an extra transaction within the firm are equal to the costs involved in carrying out the transaction in the open market , or to the costs of organising by another entrepreneur " .5 Coase's insight was virtually ...
Page 71
... costs of government intervention which accompanies the commercialisation of public services will become obvious if ... costs of intervention to a level that will quickly exhaust the stamina and office budget of the most determined ...
... costs of government intervention which accompanies the commercialisation of public services will become obvious if ... costs of intervention to a level that will quickly exhaust the stamina and office budget of the most determined ...
Contents
Introduction | 1 |
Supplying water | 182 |
The rise of economic rationalism | 184 |
Copyright | |
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Other editions - View all
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