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The changing infrastructure of debt relief: privatisation, bureaucracy and public choice

In: Debt and Austerity

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  • Katharina Möser

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-interests of the Insolvency Service’s bureaucratic elite at the expense of its workforce, insolvent debtors and the general public.

Suggested Citation

  • Katharina Möser, 2020. "The changing infrastructure of debt relief: privatisation, bureaucracy and public choice," Chapters, in: Jodi Gardner & Mia Gray & Katharina Moser (ed.), Debt and Austerity, chapter 5, pages 94-124, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19627_5
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