Rethinking the economic borders of the state—ownership, assets, and competition
提出一个基于资产的新框架来界定国家的经济边界，分析了1980年代以来经济边界如何因冲击而改变，并强调资产负债表、资产、债务及后代利益被忽视的问题，尤其关注公用事业和基础设施资产作为核心公共品以及自然资本的缺失。
The paper sets out a new asset-based framework for the economic borders of the state. It considers how the economic borders have changed in response to major shocks, notably in the 1980s, and the economic concepts which lay behind these shifts—notably, on the microeconomic side, the market and government failure framework and, on the macroeconomic side, the monetarist challenge to the Keynesian paradigm. The missing elements are the balance sheet and the treatment of assets, debt, and the interests of future generations. Particular attention is paid to utility and infrastructure assets as core public goods, and to the neglect of natural capital.