01101pab a2200157 454500008004000000100002000040245006700060260000900127300001400136362000800150520071000158650001800868700001700886700002000903773002000923180718b2004   xxu||||| |||| 00| 0 eng d  aLetza, Steve R.  aReframing privatisation: deconstructing the myth of efficiency  c2004  ap.159-83.  aJun  aIn the context of ongoing scandals about public versus private ownership, we review the rise and fall of British nationalised industries, and the subsequent rise of privatisation based on perception of market-based efficiency as a means of improving public service. We evaluate the theoretical and empirical arguments around privatisation and find that the argument of privatisation as a vehicle for efficiency gains is a myth. Instead, we suggest that efficiency is not solely a matter of ownership, but requires a complex interplay of social and commercial variables to make it possible. We call for a more inventive and flexible approach in the search for efficiency in the public sector. - Reproduced.  aPrivatization  aSun, Xiuping  aSmallman, Clive  aPolicy Sciences