01152pab a2200181 454500 180718b2004 xxu||||| |||| 00| 0 eng d Letza, Steve R. Reframing privatisation: deconstructing the myth of efficiency 2004 p.159-83. Jun In 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. Privatization Sun, Xiuping Smallman, Clive Policy Sciences 64316 64316 64316 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 37, Issue no: 2 AR64768 2018-07-19 2018-07-19 AR