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Abstract
This chapter explores the changing infrastructure of debt relief by placing it in the context of wider historical trends towards public sector privatisation. It thereby provides a critique of William Niskanen’s budget maximization model, which promotes various forms of privatisation as a solution to public choice problems within bureaucracies. Ultimately, it suggests that the move toward market-based debt relief procedures has served the self-interested concerns of the Insolvency Service’s bureaucratic elite at the expense of its workforce, insolvent debtors and the general public.
| Original language | English |
|---|---|
| Title of host publication | Debt and Austerity – Implications of the Financial Crisis |
| Editors | Jodi Gardner, Mia Gray, Katharina Möser |
| Publisher | Edward Elgar Publishing Ltd. |
| Chapter | 5 |
| Pages | 94-124 |
| Number of pages | 31 |
| Publication status | Published - 12 Nov 2020 |
| Event | High-Cost Credit in an Age of Austerity conference - University of Cambridge, St John’s College, Cambridge, United Kingdom Duration: 8 May 2020 → 9 May 2020 |
Conference
| Conference | High-Cost Credit in an Age of Austerity conference |
|---|---|
| Country/Territory | United Kingdom |
| City | Cambridge |
| Period | 8/05/20 → 9/05/20 |
Keywords
- IVAs, Insolvency Service, New Public Management, New Right politics , shrinking state, public sector
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Dive into the research topics of 'The Changing Infrastructure of Debt Relief: Privatisation, Bureaucracy and Public Choice'. Together they form a unique fingerprint.Research output
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Understanding Low-Income Debt in a High-Income Country
Moser, K., Gray, M. & Gardner, J., 12 Nov 2020, Debt and Austerity – Implications of the Financial Crisis . Gardner, J., Gray, M. & Möser, K. (eds.). Edward Elgar Publishing Ltd.Research output: Chapter in Book/Report/Conference proceeding › Chapter