Understanding the Private-Public Divide: Markets Governments and Time Horizons
by
Avner Offer
English
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About The Book

A distinctive new account why governments loom so large in market societies. Avner Offer explains how finance limits firms to short-term enterprise. For long term commitment business requires exclusive concessions and privileges. Only governments can manage uncertainty in the long-term interests of society e.g. the challenge of climate change.
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