Publicly owned roads, bridges, water and sewage systems, and the like are often badly neglected, compared to privately owned infrastructure. This neglect can be better understood through the application of the concepts of “public capital” and “political and bureaucratic capital.”

John Brätland is an economist with the U.S. Department of the Interior in Washington, D.C.
Banking and FinanceBanking Law and RegulationBusiness and EntrepreneurshipEconomyGovernment and PoliticsLaw and LibertyPrivatizationPublic ChoiceTaxes
Other Independent Review articles by John Brätland
Summer 2020 Efficiency as Undetermined Allocation: On a “Just” Privatization of U.S. Offshore Resources
Winter 2007/08 Resource Exhaustibility: A Myth Refuted by Entrepreneurial Capital Maintenance
Spring 2004 Externalities, Conflict, and Offshore Lands: Resolution Through the Institutions of Private Property