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
Results 1-3 of 24
Page 22
... demand side by the discounted value of the future utilities expected from it . The price on the supply side is the interest rate , and on the demand side it is the profit rate . Equilibrium is reached when the amount of capital is such ...
... demand side by the discounted value of the future utilities expected from it . The price on the supply side is the interest rate , and on the demand side it is the profit rate . Equilibrium is reached when the amount of capital is such ...
Page 23
... demand price is theoretically determined by the so - called ' marginal productivity of capital ' , as measured by the rate - of - return . Given competition , a production line which promises a larger net return than the rate of ...
... demand price is theoretically determined by the so - called ' marginal productivity of capital ' , as measured by the rate - of - return . Given competition , a production line which promises a larger net return than the rate of ...
Page 25
... demand at full employment , but also by casting doubts on the effectiveness of interest rates in facilitating investment . Keynes thus paved the way for governments to directly ensure full employment by generating more demand in markets ...
... demand at full employment , but also by casting doubts on the effectiveness of interest rates in facilitating investment . Keynes thus paved the way for governments to directly ensure full employment by generating more demand in markets ...
Contents
Introduction | 1 |
Supplying water | 182 |
The rise of economic rationalism | 184 |
Copyright | |
11 other sections not shown
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