Monopoly Manacles the Capital Market |
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| Authors: | Cento Veljanovski Lecturer |
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| Institution: | Law and Economics, University College, London, Research Associate at the Centre for soci-Legal Studies, Oxford University, and Research Fellow at the Centre for Economic Policy Research. He has taught at the University of Monaith, York, Miami, Buckingham and New York. He is author of many books and articles, including selling the state Practurtion in Britain, The Effects on ITV and Other Medus of Advertising on the BBC and Economics of the Commmon Law - A Bibblography. |
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| Abstract: | The 'political' purpose of privatisation has been said to be to raise finance to offset government borrowing and to facilitate tax reduction. Cento Veljanovski, of University College, London, argues that the essential aim is rather to change from state monopoly to private competition, butthat the maintenance of monopoly inhibits this market process. |
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