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II. Motivations for Governmental Conduct of Economic Enterprise
(1,880 words)

Volume XIII: Business and Private Organizations | Chapter 13 (1972): Governmental (Public) Enterprises

Completed in 1969

Wolfgang Friedmann

2. The reasons for the constitution of public enterprises – and for the enormous growth of this type of economic activity, especially since the end of the First World War, can be broadly divided into two categories: The prevalent spur may be either a political and social philosophy, or it may be a practical need, i.e., the necessity to replace or supplement a significant lack of private investment capital. Outside the socialist systems, the two …

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Wolfgang Friedmann, “II. Motivations for Governmental Conduct of Economic Enterprise”, in: International Encyclopedia of Comparative Law Online, Edited by: U. Drobnig, R. David, H. H. Egawa, R. Graveson, V. Knapp, A. T. Von Mehren, Y. Noda, S. Rozmaryn, V. M. Tschchikvadze, H. Valladão, H. Yntema, K. Zweigert. Consulted online on 25 May 2019 <http://dx.doi.org/10.1163/2589-4021_IECO_COM_131302>
First published online: 2018



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