The Private Finance Initiative: risk, uncertainty and the state

被引:136
作者
Froud, J [1 ]
机构
[1] Univ Manchester, Sch Accounting & Finance, Manchester M13 9PL, Lancs, England
关键词
Private Finance Initiative; risk; uncertainty; public management; contracts;
D O I
10.1016/S0361-3682(02)00011-9
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This paper analyses the UK's Private Finance Initiative (PFI) at a conceptual level by focusing on the management of risk, which is central to the justification for the policy and its application across the public services, and uncertainty, which underlies the role of the state. The paper argues that the rhetorical support for PFI rests on a conflation of risk and uncertainty and that PFI leads to contractual arrangements that are inappropriate for the provision of public services over the medium term. (C) 2003 Elsevier Ltd. All rights reserved.
引用
收藏
页码:567 / 589
页数:23
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