The People's Hero Posted 8 January 2007 Posted 8 January 2007 Anyone who is hot on this kind of thing... please could you pm me or reply here? The reason being I could do with a bit of clarification on a few issues for a module I'm doing. It's completely coursebook run so I'd appreciate it if someone can help. The first part I'd require a little help on is a coursework exercise on public spending. I'll explain a little more later, but it's really about the movement from a planned to a free market economy and possible explanations for increased public spending during the process and in the aftermath of decentralisation.
The People's Hero Posted 8 January 2007 Author Posted 8 January 2007 Seriously, there is a few pints in this for anyone with any expertise to share!
James. Posted 8 January 2007 Posted 8 January 2007 Seriously, there is a few pints in this for anyone with any expertise to share! well, now you mention it i did a fair chunk of economics at uni explanations for increase in public spending: 1. transaction costs of issuing share capital to privatise public companies 2. labour force costs, e.g. potential redundancies 3. being forced to privatise at discount to true market value. 4. setting up appropriate regulatory bodies to monitor new privatised industries. 5. dealing with potential civil unrest, trade union action, etc any good?
The People's Hero Posted 8 January 2007 Author Posted 8 January 2007 well, now you mention it i did a fair chunk of economics at uni explanations for increase in public spending: 1. transaction costs of issuing share capital to privatise public companies 2. labour force costs, e.g. potential redundancies 3. being forced to privatise at discount to true market value. 4. setting up appropriate regulatory bodies to monitor new privatised industries. 5. dealing with potential civil unrest, trade union action, etc any good? Can I PM you the actul question later on and could you just let me know whether these things apply? That really would be appreciated mate. Thanks very much.
lookwhaticando Posted 8 January 2007 Posted 8 January 2007 well, now you mention it i did a fair chunk of economics at uni explanations for increase in public spending: 1. transaction costs of issuing share capital to privatise public companies 2. labour force costs, e.g. potential redundancies 3. being forced to privatise at discount to true market value. 4. setting up appropriate regulatory bodies to monitor new privatised industries. 5. dealing with potential civil unrest, trade union action, etc any good? I'd have thought the biggest public expense during a privatisation is getting a particular industry or firm into a fit state to be wanted by private enterprise at all! Restructuring the firm such that it is better suited to the free market, rather than the bureaucracy it's being cut from. That's a more broad definition of item number two.
The People's Hero Posted 8 January 2007 Author Posted 8 January 2007 I'd have thought the biggest public expense during a privatisation is getting a particular industry or firm into a fit state to be wanted by private enterprise at all! Restructuring the firm such that it is better suited to the free market, rather than the bureaucracy it's being cut from. That's a more broad definition of item number two. Change of plan. I'm just going to send you two out my course materials.
James. Posted 8 January 2007 Posted 8 January 2007 Can I PM you the actul question later on and could you just let me know whether these things apply? That really would be appreciated mate. Thanks very much. yeah, ill be offline from about 5pm.
lookwhaticando Posted 8 January 2007 Posted 8 January 2007 Change of plan. I'm just going to send you two out my course materials. pffffffffffffffffff It's not much use sending it me... I may have an idea or two, but James teh Blue sounds like he's actually dealt more with public spending related issues than I myself have dealt with in any university courses I have done in the last three years.
James. Posted 8 January 2007 Posted 8 January 2007 pffffffffffffffffff It's not much use sending it me... I may have an idea or two, but James teh Blue sounds like he's actually dealt more with public spending related issues than I myself have dealt with in any university courses I have done in the last three years. errr it was back in my hedonistic () 1st and 2nd years that i was doing this sort of stuff. happy to see what i can do though!
lookwhaticando Posted 8 January 2007 Posted 8 January 2007 errr it was back in my hedonistic () 1st and 2nd years that i was doing this sort of stuff. happy to see what i can do though! I'm into my third year of a degree outside the world of Economics. I did a lot of Economics courses in first and second year, but they never really taught us much about public spending. In first year that might have been because the lecturer worked for a government department, and we'd just had a scandal about a shit load of misspent money - amounting to corruption in fact.
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