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Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.3/48185
- Title
- The water wizards of Oz
- Author(s)
- Brown, Chris
- Abstract
- It is near impossible to imagine any private company not enjoying the "problem" of high demand for its products and services. Yet there are some products that are repeatedly reported as shortages. There is one thing these products have in common: government intervention, typically in the form of price controls. This is especially the case with water in Melbourne, Australia, and has been for at least a decade. While supply of water is in many ways a complex issue, understanding economic shortages is not. The government has blamed the shortage of water on drought and climate change. And while droughts may be created by a shortage of water, water shortages are created by an abundance of government rein.
- Publication type
- Commentary
- Research centre
- Swinburne University of Technology. Faculty of Business and Enterprise. Australian Graduate School of Entrepreneurship
- Source
- Ludwig von Mises Institute Daily Articles, 23 February 2009
- Publication year
- 2009
- Keyword(s)
- Australia; Commodities; Drought; Government policy; Melbourne; Resources; Utilities pricing; Water restrictions; Water shortage; Water supply
- Publisher
- Ludwig von Mises Institute
- Publisher URL
- http://mises.org/story/3338
