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 56
... position . Instead of relying on an imperfect orthodoxy , he expected " to see the State , which is in a position to calculate the marginal efficiency of capital - goods on long views and on the basis of general social advantage ...
... position . Instead of relying on an imperfect orthodoxy , he expected " to see the State , which is in a position to calculate the marginal efficiency of capital - goods on long views and on the basis of general social advantage ...
Page 79
... position where it could pursue alter- native ways of maximising the rate - of - return . The first way , of course , was to manage the Bolivar plant more efficiently . The second way , as we have just discussed , was to exploit the ...
... position where it could pursue alter- native ways of maximising the rate - of - return . The first way , of course , was to manage the Bolivar plant more efficiently . The second way , as we have just discussed , was to exploit the ...
Page 138
... position of the managing director . Indicative of the twin opposing pressures , the highly paid chief executive's performance during the events provoked a rare point of consensus between Peter McClellan and the chairman of the board of ...
... position of the managing director . Indicative of the twin opposing pressures , the highly paid chief executive's performance during the events provoked a rare point of consensus between Peter McClellan and the chairman of the board of ...
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