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Peer reviewedNelson, Joel I. – Social Science Quarterly, 1992
Reports on a study that questions whether private enterprise can maintain quality while reducing costs of providing social welfare services. Reviews three aspects of privatization: (1) competitive markets; (2) rationality; and (3) cost reduction. Concludes by questioning a central claim of economic theory: that free markets and private firms are…
Descriptors: Capitalism, Civil Rights, Economics, Free Enterprise System
