Free to Fail
Show Less

Free to Fail

Creative Destruction Revisited

Hugh van der Mandele and Arjen C. van Witteloostuijn

This challenging book tackles one of the most fundamental questions in economics: Why are commercial organizations more efficient than organizations in the public domain?
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 3: The historic debate

Creative Destruction Revisited

Hugh van der Mandele and Arjen C. van Witteloostuijn


It is widely accepted that private organizations are, on average, more efficient than public organizations producing comparable goods or services under comparable conditions. That is, production occurs within the production possibility frontier envelope. In fact, seeking an adequate answer to the question of why this is the case, is the main purpose of this book. This chapter takes stock of an important historic debate in the economics discipline. However, we cannot do justice to the immense pile of publications dealing with this critical issue. Rather, within the scope of this book, we have to engage in cherry-picking, only discussing those contributions and arguments we believe are essential to provide a balanced enough overview of where this debate has, for the time being, landed. From there, in the next chapters, we hope to offer further impetus to this ongoing debate.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.