Closures: should the government subsidise loss-making enterprises

David Williams, Frank Kirwan (Editor), James Love (Editor)

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Abstract

The most powerful arguments against the provision of public subsidy to loss-making
enterprises seek to establish that it is the public welfare, rather than private interest, which is diminished by the subsidy; that, moreover, the subsidy assists some privileged group at the expense of the great majority of the population, many of whose members have incomes lower than those of the people that they are obliged to subsidise. This economic perspective revisits the arguments.
Original languageEnglish
Pages (from-to)78-81
Number of pages4
JournalQuarterly Economic Commentary
Volume10
Issue number2
Publication statusPublished - Nov 1984

Keywords

  • industrial decline
  • loss-making enterprises
  • public subsidies
  • private enterprise
  • public welfare

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  • Cite this

    Williams, D., Kirwan, F. (Ed.), & Love, J. (Ed.) (1984). Closures: should the government subsidise loss-making enterprises. Quarterly Economic Commentary, 10(2), 78-81.