Closures: should the government subsidise loss-making enterprises

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

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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
Issue number2
Publication statusPublished - Nov 1984


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


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