Skip to main content

Market Fundamentalism – From De-Regulation and Privatization to Financial Fraud in the Criminogenic, Neo-Liberal State

  • Chapter
New Public Service
  • 4637 Accesses

Zusammenfassung

The last thirty years have seen the fundamental re-structuring of many public sectors. Policy-makers looked to markets to overcome political conflicts triggered by the perceived increase in the scarcity of resources, including the once-sacrosanct public domain of social security (Dixon/Hyde 2001; Dixon/Kouzmin 2001a, 2001b; Hyde/ Dixon/Drover 2006). The “hollowing out” of the Keynesian welfare state (Dixon/ Scheurell 2002) and the widespread acceptance of the idea of “less state and less taxes” raises serious policy questions of social resilience and the governance capacities in diverse jurisdictions. Conventional wisdom about the convergent effects of economic globalization gives further weight to these questions, especially since significant differences in public policy responses tend to be ignored (Kouzmin/Hayne 1999; Klein 2007; Kouzmin 2009). This neglect of the apparent divergence in policy outcomes and expenditure practices – especially in labour market strategies – underscores the need to audit critically, both comparatively and sectorally, systematic differences in the management of market failures and the social distortions that flow from the re-location of the public-private sector boundary in favour of the market-place (Berger/Dore 1996; Dixon/Kouzmin 1994a; Dixon/Dogan/Kouzmin 2002; Kouzmin 2007).

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 79.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 84.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Adams, G. B./Ingersoll, V. H. (1990): ‘Culture, Technical Rationality and Organizational Culture’. In: American Review of Public Administration, Vol. 20, No. 4, pp. 285–302.

    Google Scholar 

  • Ahrens, J. (2002): Governance and Economic Development: A Comparative Institutional Approach, Edward Elgar, Cheltenham.

    Google Scholar 

  • Albert, M. (1993): Capitalisme Contre Capitalisme, Seuil, Paris.

    Google Scholar 

  • Alchian, A. A./Demsetz, H. (1972): ‘Production, Information Costs and Economic Organization’. In: American Economic Review, Vol. 62, No. 4, pp. 777–795.

    Google Scholar 

  • Amadae, S. M. (2003): Rationalizing Capitalist Democracy: The Cold War Origins of Rational Choice Liberalism, University of Chicago Press, Chicago.

    Google Scholar 

  • Aoki, M. (2001): Towards a Comparative Institutional Analysis, IT Press, Cambridge, MA.

    Google Scholar 

  • Appleton, B. (1994): Navigating NAFTA, Carswell, Toronto.

    Google Scholar 

  • Arrow, K. J. (1985): ‘The Economics of Agency’. In: Pratt, J. W./Zeckhauser, R.J. (eds.): Principals and Agents: The Structure of Business, Harvard Business School Press, Boston, pp. 37–54.

    Google Scholar 

  • Bearle, A. A./Means, G. C. (1932/1991): The Modern Corporation and Private Property, Transaction Publishers, New Brunswick.

    Google Scholar 

  • Bentham, J. (1789/1970): An Introduction to the Principles of Morals and Legislation, Routledge, London.

    Google Scholar 

  • Berger, S./R. Dore (eds.)(1996): National Diversity and Global Capitalism, Ithaca.

    Google Scholar 

  • Black, W. K. (2005): The Best way to Rob a Bank is to Own One, University of Texas Press, Austin.

    Google Scholar 

  • Blaug, M. (1993): Pieter Henniepman on Paretian welfare economics: A comment. In: Economist-Leiden, Vol. 141, No. 1, pp. 127–129.

    Google Scholar 

  • Borins, S. F. (1992): ‘Statecraft: The Effective Use of Political Power’. In: Business Quarterly, Vol. 57, No. 2, pp. 52–56.

    Google Scholar 

  • Boyer, R./Drache, D. (eds.)(1996): States Against Markets: The Limits of Globalization, London.

    Google Scholar 

  • Breton, A. (1974): The Economic Theory of Representative Government, Atherton, Chicago.

    Google Scholar 

  • Bromely, D. W. (1990): ‘The Ideology of Efficiency: Searching For a Theory of Policy Analysis’. In: Journal of Environmental Economics and Management, Vol. 19, No. 1, pp. 86–107.

    Google Scholar 

  • Bryson, J. M./Ring, P. S. (1990): ‘A Transaction-Based Approach to Policy Intervention’. In: Policy Sciences, Vol. 23, No. 3, pp. 205–229.

    Google Scholar 

  • Caiden, G. E. (1994): ‘Management 2000’. In: International Journal of Public Administration, Vol. 17, No. 3–4, pp. 757–776.

    Google Scholar 

  • Calavita, P./Pontell, H. N./Tillman, R.(1999): Big Money Crime: Fraud and Politics in the Savings and Loan Crisis, University of Berkeley Press, Berkeley.

    Google Scholar 

  • Center for Public Integrity (2006): Power Outage: An Enron Backgrounder, May 26, Retrieved from publicintegrity.org.

    Google Scholar 

  • Coase, R. (1937): ‘The Nature of Firms’. In: Economica, Vol. 4, No. 3, pp. 386–405.

    Google Scholar 

  • Chossudovsky, M. (2003): The Globalization of Poverty and the New World Order, 2nd ed., Centre for Research on Globalization, Pincourt, Quebec.

    Google Scholar 

  • Dahrendrof, R. (1995): ‘A Precarious Balance: Economic Opportunity, Civil Society and Political Liberty’. In: The Responsive Community, Vol. 5, No. 3, pp. 13–38.

    Google Scholar 

  • De Alessi, L. (1983): Property rights, transaction costs and X-efficiency. In: American Economic Review, Vol. 5, No. 3, pp. 13–38.

    Google Scholar 

  • deHaven-Smith, L. (2006): ‘When Political Crimes are Inside Jobs: Detecting State Crimes Against Democracy’. In: Administrative Theory & Praxis, Vol. 28, No. 3, pp. 330–355.

    Google Scholar 

  • deHaven-Smith, L. (2010): ‘Beyond Conspiracy Theory: Patterns of High Crime in American Government’. In: American Behavioral Scientist, Vol. 53, No. 6, pp. 795–825.

    Google Scholar 

  • deHaven-Smith, L./Witt, M. (2009): ‘Preventing State Crimes Against Democracy’. In: Administration & Society, Vol. 41, No. 5, pp. 527–550.

    Google Scholar 

  • deHaven-Smith, L./Kouzmin, A./Thorne, K./Witt, M. (2010): ‘The Limits of Permissible Change in U.S. Politics and Policy: Learning from the Obama Presidency’. In: Administration Theory & Praxis, Vol. 32, No. 1, pp. 137–143.

    Google Scholar 

  • Dilulio, J. J. (ed.) (1994): De-Regulating the Public Sector, Brookings Institute, Brookings Institute, Aldershot.

    Google Scholar 

  • Dixon, J. (2002): Responses to Governance: The Governing of Corporations, Societies and the World, Praeger, Westport, CT.

    Google Scholar 

  • Dixon J./Dogan, R. (2002): ‘Hierarchies, Networks and Markets: Responses to Societal Governance Failures’. In: Administrative Theory and Praxis, Vol. 24, No. 1, pp. 175–196.

    Google Scholar 

  • Dixon, J./Dogan, R. (2003): ‘Towards Constructive Corporate Governance: From ‘Certainties’ to a Plurality Principle’. In: Reason in Practice: The Journal of the Philosophy of Management, Vol. 2, No. 3, pp. 51–72.

    Google Scholar 

  • Dixon, J./Dogan, R. (2005): ‘The Contending Perspectives on Public Management: A Philosophical Investigation’. In: International Public Management Journal, Vol. 8, No. 1, pp. 1–22.

    Google Scholar 

  • Dixon, J./Dogan, R./Kouzmin, A. (2002): ‘The Dilemma of Privatized Public Services: Philosophical Frames in Understanding Failure and Managing Partnership Terminations’, paper presented to the 2002 Annual Conference of the British Academy of Management, London, September, pp. 1–20.

    Google Scholar 

  • Dixon, J./Dogan, R./Kouzmin, A. (2002): ‘The Dilemma of Privatized Public Services: Philosophical Frames in Understanding Failure and Managing Partnership Terminations’. In: Public Organization Review, Vol. 4, No. 1, pp. 25–46.

    Google Scholar 

  • Dixon, J./Dogan, R./Sanderson, A. (2009): The Situational Logic of Social Actions, Nova Science, New York.

    Google Scholar 

  • Dixon, J./Hyde, M. (eds.)(2001): The Marketization of Social Security, Quorum, Westport.

    Google Scholar 

  • Dixon, J./Kouzmin, A. (1994a): ‘Management Innovations For Improving Governance: Changes and Trends in Australian Public Administration and Finance’. In: Asian Review of Public Administration, Vol. 6, No.s 1 and 2, pp. 33–91.

    Google Scholar 

  • Dixon, J./Kouzmin, A. (1994b): ‘The Commercialization of the Australian Public Sector: Competence, Elitism or Default in Management Education?’. In: International Journal of Public Sector Management, Vol. 7, No. 6, pp. 52–73.

    Google Scholar 

  • Dixon, J./Kouzmin, A. (2001a): ‘The Privatization of Social Security: Governance Challenges to Partnership Provision’. In: The Asian Review of Public Administration, Vol. 13, No. 1, pp. 54–68.

    Google Scholar 

  • Dixon, J./Kouzmin, A. (2001b): ‘The Market Appropriation of Statutory Social Security: Global Experiences and Governance Issues’. In: Dixon J./Hyde, M. (eds.): The Marketization of Social Security, Westport, pp. 27–42.

    Google Scholar 

  • Dixon, J./Kouzmin, A./Korac-Kakabadse, N. (1998): ‘Managerialism-Something Old, Something Borrowed, Little New: Economic Prescription Versus Effective Organizational Change in Public Agencies’. In: The International Journal of Public Sector Management, Vol. 11, No.s 2/3, pp. 164–187.

    Google Scholar 

  • Dixon, J./Sanderson, A./Tripatrhi, S. (2006): ‘Ethics, Trust and the Public Interest: The Contending Modes of Societal Governance’. In: Korac-Kakabadse, N./Kakabadse, A (eds.): Governance, Strategy and Policy: Seven Critical Essays, Palgrave Macmillan, Basingstoke.

    Google Scholar 

  • Dixon, J./Scheurell, R.P. (eds.)(2002): The State of Social Welfare: The Twentieth Century in Crossnational Review, Greenwood, Westport, CT.

    Google Scholar 

  • Doran, G. (1992): ‘Rational Choice and the Policy Sciences’. In: Policy Studies Review, Vol. 11, No.s 3/4, pp. 359–369.

    Google Scholar 

  • Downs, A. (1967): Inside bureaucracy, Boston.

    Google Scholar 

  • Drucker, P. F. (1993): Post-Capitalist Society, Butterworth Heinemann, Oxford.

    Google Scholar 

  • Dunsire, A. (1988): ‘Organizational Status and Performance: A Conceptual Framework For Testing Public Choice Theories’. In: Public Administration, Vol. 66, No. 4, pp. 363–388.

    Google Scholar 

  • Egon, M./Streeck, W. (eds.)(1991): Beyond Keynesianism, Edward Elgar, Aldershot.

    Google Scholar 

  • Epstein, R. A. (1985): Regulatory Takings: Private Property under the Power of Eminent Domain, Harvard University Press, Boston.

    Google Scholar 

  • Fallows, J. (1994): Looking at the Sun the Rise of the New East Asian Economic and Political System, Pantheon, New York.

    Google Scholar 

  • Fama, E. F. (1980): ‘Agency Problems and the Theory of the Firm’. In: Journal of Political Economy, Vol. 88, No. 2, pp. 288–307.

    Google Scholar 

  • Faux, J. (2001): ‘The Global Alternative’. In: American Prospect, Vol. 12, No. 12, pp. 2–16.

    Google Scholar 

  • Fellow, K./Kelaher, M. (1991): ‘Managing Government the Corporate Way‘. In: Australian Accountant, Vol. 61, No. 3, pp. 22–23.

    Google Scholar 

  • Finer, H. (1941/1966): ‘Administrative Responsibility in Democratic Government’. Reprinted in Woll, P. (ed.): Administration and Policy: Selected Essays, Harper Torch Books, New York, pp. 247–275.

    Google Scholar 

  • Flam, H. (1990): ‘Emotional Man 2: Corporate Actors as Emotion-Motivated, Emotion Managers’. In: International Sociology, Vol. 5, No. 2, pp. 225–242.

    Google Scholar 

  • Friedman, M. (1982): Capitalism and Freedom, University of Chicago Press, Chicago.

    Google Scholar 

  • Frey, R. G. (ed.)(1984): Utility and Rights, University of Minnesota Press. Minneapolis.

    Google Scholar 

  • Friedrich, C. J. (1940/1966): ‘Public Policy and the Nature of Administrative Responsibility’. Reprinted in: Woll, P. (ed.): Administration and Policy: Selected Essays, New York, pp. 221–246.

    Google Scholar 

  • Galbraith, J. K. (1995): The World Economy Since the Wars: A Personal View, Mandarin Paperbacks, London.

    Google Scholar 

  • Garnett, J./Kouzmin, A. (2009): ‘Crisis Communication Post Katrina: What are we Learning?’. In: Public Organization Review, Vol. 9, No. 4, pp. 385–398.

    Google Scholar 

  • Golembiewski, R. T./Kuhnert, K. W. (1994): ‘Barnard on Authority and Zones of Indifference: Towards Perspectives on the Decline of Managerialism’. In: International Journal of Public Administration, Vol. 17, No. 6, pp. 595–615.

    Google Scholar 

  • Goodman, R. A. (1973): ‘Environmental Knowledge and Organizational Time Horizons: Some Functions and Dysfunctions’. In: Human Relations, Vol. 26, No. 2, pp. 54–65.

    Google Scholar 

  • Goodsell, C. T. (1989): ‘Public Administration as Ritual’. In: Public Administration Review, Vol. 49, No. 2, pp. 161–166.

    Google Scholar 

  • Gorovitz, S. (ed.)(1977): Utilitarianism With Critical Essays, Bobbs-Merrill, Indianapolis.

    Google Scholar 

  • Gupta, A. (1999): ‘Structural Adjustment, Privatization and the Public Bureaucracy’. In: Kouzmin, A./Hayne, A. (eds.): Essays in Economic Globalization, Transnational Policies and Vulnerability, IOS Press, Amsterdam, pp. 219–225.

    Google Scholar 

  • Halfpenny, P. (1982): Positivism and Sociology, Allen and Unwin, London.

    Google Scholar 

  • Harvey, D. (2005): A Brief History of Neo-Liberalism, Oxford University Press, Oxford.

    Google Scholar 

  • Haque, S. (1999): ‘Globalization of Market Ideology and its Impact on Third-World Development’. In: Kouzmin, A./Hayne, A. (eds.): Essays in Economic Globalization, Transnational Policies and Vulnerability, IOS Press, Amsterdam, pp. 75–100.

    Google Scholar 

  • Hayek, F. (1960): The Constitution of Liberty, Routledge, London.

    Google Scholar 

  • Heckathorn, D. B./Maser, S. M. (1987): ‘Bargaining and the Transaction Costs: The Case of Government Regulation’. In: Journal of Law, Economics and Organization, Vol. 15, No. 3, pp. 69–98.

    Google Scholar 

  • Hede, A. (1991): ‘Trends in the Higher Civil Service of Anglo-American Systems’. In: Governance, Vol. 4, No. 2, pp. 489–510.

    Google Scholar 

  • Hensher, D. A. (1986): ‘Privatization: An Interpretative Essay’. In: Australian Economic Papers, Vol. 25, No. 4, pp. 147–174.

    Google Scholar 

  • Hertz, N. (2002): The Silent Takeover: Global Capitalism and the Death of Democracy, Arrow Books, London.

    Google Scholar 

  • Hirschman, A. O. (1970): Exit, Voice and Loyalty: Responses to Decline in Firms, Organizations and States, Harvard University Press, Cambridge.

    Google Scholar 

  • Hirschman, A. O. (1991): The Rhetoric of Reaction: Perversity, Futility, Jeopardy, Harvard University Press, Cambridge.

    Google Scholar 

  • Hirschman, A. O. (1995): ‘Convergences With Michel Crozier’. In: Hirschman, A. O. (ed.): A Propensity of Self-Subversion, Harvard University Press, Cambridge, pp. 139–153.

    Google Scholar 

  • Hirshleifer, J. (1977): ‘Shakespeare Versus Becker on Altruism: The Importance of Having the Last Word’. In: Journal of Economic Literature, Vol. 15, No. 2, pp. 500–502.

    Google Scholar 

  • Hirst, P./Thompson, G. (1996): Globalization in Question, Polity, London.

    Google Scholar 

  • Hogarth, R. M./Reder, M. W. (1987): ‘Introduction: Perspectives From Economics and Psychology’. In Hogarth, R. M./Reder, M. W. (eds.): Rational Choice: The Contrast Between Economics and Psychology, University of Chicago Press, Chicago, pp. 1–29.

    Google Scholar 

  • Hollis, M. (1994): The Philosophy of Social Science: An Introduction, Cambridge University Press, Cambridge.

    Google Scholar 

  • Hollis, M./Nell, E. (1975): Rational Economic Man, Cambridge University Press, Cambridge.

    Google Scholar 

  • Hyde, M./Dixon, J./Drover, G. (2006): The Privatisation of Mandatory Retirement Income Protection: International Perspectives, Edwin Mellon Press, Lewiston, NY.

    Google Scholar 

  • Ingraham, P. W./Peters, B. G. (1988): The Conundrum of Reform: A Comparative Analysis. In: Review of Public Personnel Administration, Vol. 8, No. 3, pp. 3–16.

    Google Scholar 

  • Johnston, D. C. (2007): Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick you with the Bill), Portfolio, London.

    Google Scholar 

  • Johnston, J./Kouzmin, A. (1998): Who are the Rent Seekers?: From the Ideological Attack on Public Officials to the “Pork Barrel” Par Excellence – Privatization and Outsourcing as Oligarchic Corruption. In: Administrative Theory and Praxis, Vol. 20, No. 4, pp. 491–507.

    Google Scholar 

  • Jun, J. (ed.)(2001): The Asian Crisis: Its Sources, Administrative Inefficiency and Corruption. In: Journal of Contingencies and Crisis Management (Special Issue), Vol. 9, No. 1, pp. 1–53.

    Google Scholar 

  • Kakabadse, A./Kouzmin, A./Kakabadse, N. (2010): Auditing Moral Hazards for Post-Global Financial Crisis (GFC) Leadership, a paper presented at the 10th European Academy of Management (EURAM) Conference, Rome, 19–22 May.

    Google Scholar 

  • Kaufman, H. (1981): Fear of Bureaucracy: A Raging Pandemic. In: Public Administration Review, Vol. 41, No. 1, pp. 1–9.

    Google Scholar 

  • Kelsey, J. (1995): The New Zealand Experiment: A World Model for Structural Adjustment?, Auckland University Press, Auckland.

    Google Scholar 

  • Klein, N. (2007): The Shock Doctrine: The Rise of Disaster Capitalism, Allen Lane/ Penguin Book, New York.

    Google Scholar 

  • Korten, D. C. (1995): When Corporations Rule the World, Kumarian Press, Bloomfield.

    Google Scholar 

  • Kouzmin, A. (1998): Economics and Globalization – From the “Dismal” Science to Crude Ideology and the Demise of Credibility of Economics in Public Policy. In: Administrative Theory and Praxis, Vol. 20, No. 3, pp. 388–393.

    Google Scholar 

  • Kouzmin, A. (2002): The New Political Economy of the “Smart State”: Transitions in Governance Capacities – An Editorial. In: Administrative Theory and Praxis, Vol. 24, No. 1, pp. 25–30.

    Google Scholar 

  • Kouzmin, A. (2007): Ideology, Vulnerability and Regulation in the Privatized State. In: Managing Knowledge to Build Trust in Government, edited by the United Nations Department of Economic and Social Affairs, ”United Nations” New York, pp. 28–46.

    Google Scholar 

  • Kouzmin, A. (2008): Crisis Management in Crisis?. In: Administration Theory & Praxis, Vol. 30, No. 2, pp. 155–183.

    Google Scholar 

  • Kouzmin, A. (2009): Market Fundamentalism, Delusions and Epistemic Failure in Policy and Administration. In: Asia-Pacific Journal of Business Administration, Vol. 1. No. 1, pp. 23–39.

    Google Scholar 

  • Kouzmin, A./Dixon, J. (2006): ‘Neo-Liberal Economics, Public Domains and Organizations: Is There any Organizational Design After Privatization?’. In: Lynch, T. D./ Cruise, P. L. (eds.): Handbook of Organizational Theory and Management: The Philosophical Approach, CRC Press/Taylor and Francis, Boca Raton, pp. 667–728.

    Google Scholar 

  • Kouzmin, A./Dixon, J./Korac-Kakabadse, N. (2001): From Self-Referential Economics to Managerialism and The “Economic Holocaust” of Down-Sizing/Re-Engineering: a Global Reckoning Begins?. In: Thorne, K./Turner, G. (eds.): Global Business Regulation: Some Research Perspectives, Prentice-Hall, Frenchs Forest, pp. 1–37.

    Google Scholar 

  • Kouzmin, A./Hayne, A. (1999): Globalization: Rhetorical Trends and Unpalatable Realities for Public Sectors. In: Kouzmin, A./Hayne, A. (eds.): Essays in Economic Globalization, Transnational Policies and Vulnerability, IOS Press, Amsterdam, pp. 1–12.

    Google Scholar 

  • Kouzmin, A./Jarman, A.M.G. (1999): De-Institutionalizing Group-Think: From the Welfare State Towards Cyber-Netizenship and the Smart State. In: Administrative Theory and Praxis, Vol. 21, No. 4, pp. 474–484.

    Google Scholar 

  • Kouzmin, A./Jarman, A. M. G. (2002): From Welfare and Contract States: Towards “Smart State” Policy Capacities. In: Jun J. S. (ed.): Rethinking Administrative Theory: The Challenge of the Century, Praeger, Westport, pp. 233–252.

    Google Scholar 

  • Kouzmin, A./Johnston, J./Thorne, K. (2009): Professionalism/Ethics or Group Think/ Loyalty under Economic Crisis Conditions?. A paper presented in the stream on Professionalism and Ethics: ‘Defending Public Administration from Criminality in High Office’, 70th Annual American Society for Public Administration (ASPA) Conference, Miami, Florida, 20–24 March.

    Google Scholar 

  • Kouzmin, A./Johnston, J./Thorne, K. (2010): Economic SCADs: The Dark Underbelly of Neo-Liberalism’. In: Public Integrity, Vol. 13, No. 2 (forthcoming).

    Google Scholar 

  • Kouzmin, A./Korac-Kakabadse, N./Jarman, A.M.G. (1996): Economic Rationalism, Risk and Institutional Vulnerability. In: Risk Decision and Policy, Vol. 1, No. 2, pp. 229–256.

    Google Scholar 

  • Kouzmin, A./Leivesley, R./Korac-Kakabadse, N. (1997): From Managerialism and Economic Rationalism: Toward “Re-Inventing” Economic Ideology and Administrative Diversity. In: Administrative Theory and Praxis, Vol. 19, No. 1, pp. 19–42.

    Google Scholar 

  • Kuttner, R. (2002): Can Liberals Save Capitalism (Again)?: Seven Decades After the Great Depression, Democrats Have Their Work Cut Out For Them. In: The American Prospect, 12 August, pp. 22–26.

    Google Scholar 

  • La Porte, T. D. (1996): High Reliability Organizations: Unlikely, Demanding and at Risk. In: Journal of Contingencies and Crisis Management, Vol. 4, No. 20, pp. 60–71.

    Google Scholar 

  • Lane, J.-E. (1985): State and Market: The Politics of the Public and the Private, Edward Elgar, London.

    Google Scholar 

  • Latham, M. (1998): Civilizing Global Capital: New Thinking For Australian Labor, Allen and Unwin, Chelsea Green Publishing, Sydney.

    Google Scholar 

  • Leopold, L. (2009): The Looting of America: How Wall Street’s Game of Fantasy Finance Destroyed our Jobs, Pensions and Prosperity, Vermont.

    Google Scholar 

  • Lott, J. R. Jr (1987): The Effect of Non-Transferable Property Rights on the Efficiency of Political Markets. In: Journal of Public Economics, Vol. 32, No. 2, pp. 231–246.

    Google Scholar 

  • MacDonald, S. H. (2002): Globalization and Risk: A Contingent Response For Democratic Governance. In: Administrative Theory and Praxis, Vol. 24, No. 1, pp. 31–54.

    Google Scholar 

  • MacPherson, M. S. (1984): On Shelling, Hirschman and Sen: Revisiting the Conception of the Self. In: Partisan Review, Vol. 51, No. 2, pp. 236–247.

    Google Scholar 

  • March, J. G./Olsen. J. R. (1983): Organizing Political Life: What Administrative Re-Organization Tells Us About Government. In: American Political Science Review, Vol. 77, No. 2, pp. 281–296.

    Google Scholar 

  • Margolis, H. (1982): Selfishness, Altruism and Rationality, Cambridge University Press, Cambridge.

    Google Scholar 

  • Marini, F. (1993): Leaders in the Field: Dwight Waldo. In: Public Administration Review, Vol. 53, No. 5, pp. 409–418.

    Google Scholar 

  • Micklethwait, J./Wooldridge, A. (1997): The Witch Doctors: What the Management Gurus Are Saying, Why it Matters and How to Make Sense of it?, Mandarin Paperbacks, London.

    Google Scholar 

  • Moe, T. (1984): The New Economics of Organization. In: American Journal of Political Science, Vol. 28, No. 4, pp. 759–777.

    Google Scholar 

  • Moe, T. (1987): Interests, Institutions and Positive Theory: The Politics of the NLRB. In: Studies in American Political Development, Vol. 2, No. 2, pp. 236–299.

    Google Scholar 

  • Mueller, D.C. (1980): Public Choice, Cambridge University Press, Cambridge.

    Google Scholar 

  • Munson, R. (2005): From Edison to Enron: The Business of Power and what it means for the Future of Electricity, Praeger, Westport.

    Google Scholar 

  • Niskanen, W. A. (1975): Bureaucrats and Politicians. In: Journal of Law and Economics, Vol. 18, No. 3, pp. 617–643.

    Google Scholar 

  • Niskanen, W.A. (1994): Bureaucracy and Public Economics, Edward Elgar, London.

    Google Scholar 

  • Noll, R. G./Fiorina, M. P. (1979): Voters, Bureaucrats and Legislators: A Rational Perspective on the Growth of Bureaucracy. In: Journal of Public Economics, Vol. 9, No. 3, pp. 239–254.

    Google Scholar 

  • Perlman, M. (1976): Party Politics and Bureaucracy in Economic Policy. In: Tullock, G. (ed.): The Vote Motive: An Essay in the Economics of Politics, With Applications to the British Economy, Institute of Economic Affairs, London, pp. 59–79.

    Google Scholar 

  • Perkins, J. (2004): Confessions of an Economic Hit Man, Berrett-Koeler Publishcers, San Francisco.

    Google Scholar 

  • Perroux, F. (1950): Economic Space: Theory and Applications. In: Quarterly Journal of Economics, Vol. 64, No. 1, pp. 89–104.

    Google Scholar 

  • Perroux, F. (1962): Le Capitalisme: Que sais-je?, PUF, Paris.

    Google Scholar 

  • Perry, J. L./Wise, L. R. (1990): The Motivational Bases of Public Service. In: Public Administration Review, Vol. 50, No. 3, pp. 367–373.

    Google Scholar 

  • Peters, B. G. (1994): Managing the Hollow State. In: International Journal of Public Administration, Vol. 17, No.s 3–4, pp. 739–756.

    Google Scholar 

  • Peters, B. G./Savoie, D. (ed.) (1995): Governance in a Changing Environment, McGill-Queen’s Universal Press, Montreal.

    Google Scholar 

  • Pollitt, C. (1990): Managerialism and the Public Services: the Anglo-American Experience, Blackwell, Oxford.

    Google Scholar 

  • Prasser, S. (1990): Reforming the Public Sector: Strategies for Change. In: Kouzmin A./Scott, N. (eds.): Dynamics in Australian Public Management: Selected Essays, Macmillan, Melbourne, pp. 185–199.

    Google Scholar 

  • Prins, N. (2009): It Takes a Pillage: Behind the Bailouts, Bonuses and Backroom Deals from Washington to Wall Street, John Wiley and Sons, New Jersey.

    Google Scholar 

  • Ralston Saul, J. (2005): The Collapse of Globalism: And the Re-invention of the World, Viking, New York.

    Google Scholar 

  • Rittel, H. W./Webber, M. (1973): Dilemmas in a General Theory of Planning. In: Policy Sciences, Vol. 4, No. 2, pp. 155–169.

    Google Scholar 

  • Rosenthal, U. (1990): Politics and Administration: Max Webber and the Quest for Democratic Order. In: Kouzmin, A./Scott, N. (eds.): Dynamics in Australian Public Management: Selected Essays, Macmillan, Melbourne, pp. 392–408.

    Google Scholar 

  • Ross, S.A. (1973): ‘The Economic Theory of Agency: The Principal’s Problem’. In: American Economic Review, Vol. 63, No. 2, May, pp. 134–139.

    Google Scholar 

  • Santos, de S. B. (1995): Towards a New Common Sense Law, Science and Politics in the Paradigmatic Transition, Routledge, London.

    Google Scholar 

  • Scahill, J. (2007): Blackwater: The Rise of the World’s Most Powerful Mercenary Army, Serpent’s Tail, London.

    Google Scholar 

  • Simon, H. (1957): Administrative Behaviour: A Study of Decision-Making Processes in Administrative Organization, 2nd ed., Fress Press, New York.

    Google Scholar 

  • Simon, H. (1982): Models of Bounded Rationality, MIT Press, Cambridge.

    Google Scholar 

  • Smart, J. J. C./Williams, B. (eds.)(1973): Utilitarianism: For and Against, Cambridge University Press, Cambridge.

    Google Scholar 

  • Stiglitz, J. (1986): The Economics of the Public Sector, W.W. Norton, New York.

    Google Scholar 

  • Strange, S. (1995): The Defective State. In: Daedalus, Vol. 124, No. 2, Spring, pp. 55–73.

    Google Scholar 

  • Terrell, K. (1993): Public-private wage differentials in Haiti: do public servants earn a rent?. In: Journal of Development Economics, Vol. 12, No. 2, pp. 293–314.

    Google Scholar 

  • Thorne, K./Kouzmin, A. (2010): The USA PATRIOT Acts (et al.): Convergent Legislation and Oligarchic Isomorphism in the “Politics of Fear” and State Crime(s) against Democracy (SCADs). In: The American Behavioral Scientist, Vol. 53, No. 6, (forthcoming).

    Google Scholar 

  • Tullock, G. (1965): The Politics of Bureaucracy, Public Affairs Press, Washington.

    Google Scholar 

  • Tullock, G. (1976): The Vote Motive: An Essay in the Economics of Politics, with Applications to the British Economy, Institute of Economic Affairs, London.

    Google Scholar 

  • Tullock, G./Buchanan, J. M. (1962): The Calculus of Consent: Logical Foundations of Constitutional Democracy, University of Michigan Press, Anne Arbor.

    Google Scholar 

  • Valentine, T. (1996): Economic Rationalism Versus the Entitlement Consensus. In: Policy Centre for Independent Studies, Sydney, Spring, pp. 3–10.

    Google Scholar 

  • Ventriss, C. (2002): The Rise of the Entrepreneurial State Governments in the United States: The Dilemma of Public Governance in an Era of Globalization. In: Administrative Theory and Praxis, Vol. 24, No. 1, pp. 81–102.

    Google Scholar 

  • Vining, A. R/Weimer, D. L. (1988): Information Asymmetry Favouring Sellers: A Policy Framework. In: Policy Sciences, Vol. 21, No. 4, pp. 205–239.

    Google Scholar 

  • von Mises, L. (1944): Bureaucracy, Yale University Press, New Haven.

    Google Scholar 

  • Waldo, D. (1984): The Administrative State: A Study of the Political Theory of American Public Administration, Holmes and Meier, New York.

    Google Scholar 

  • Wholey, J. S. (1993): ‘Evaluation and Performance’. In: Australian Accountant, Vol. 63, No. 11, pp. 28–33.

    Google Scholar 

  • Williamson, J. (ed.)(1994): The Political Economy of Policy Reform, IIE, Washington.

    Google Scholar 

  • Williamson, O. E. (1985): The Economic Institutions of Capitalism: Firm, Markets, Rational Contracting, Free Press, New York.

    Google Scholar 

  • Witt, M. (2010): Exit, Voice, Loyalty Revisited: Contours and Implications for Public Administration in Dark Times. In: Public Integrity, Vol. 13, No. 2 (forthcoming).

    Google Scholar 

  • Witt, M./deHaven-Smith, L. (2008): Conjuring the “holographic state”: Scripting Security Doctrine for a (new) World of Disorder. In: Administration & Society, Vol. 40, No. 6, pp. 547–585.

    Google Scholar 

  • World Bank (1997): The State in a Changing World, Oxford University Press, New York.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2011 Gabler Verlag | Springer Fachmedien Wiesbaden GmbH

About this chapter

Cite this chapter

Kouzmin, A., Dixon, J. (2011). Market Fundamentalism – From De-Regulation and Privatization to Financial Fraud in the Criminogenic, Neo-Liberal State. In: Koch, R., Conrad, P., Lorig, W.H. (eds) New Public Service. Gabler. https://doi.org/10.1007/978-3-8349-6371-0_18

Download citation

Publish with us

Policies and ethics