The Public Wealth of Nations

Short description: Non-fiction book by Dag Detter and Stefan Fölster

The Public Wealth of Nations: How Management of Public Assets Can Boost or Bust Economic Growth

Authors| Dag Detter and Stefan Fölster
Country| Sweden
Language| English
Subject| Public Finance, Public Policy
Genre| Nonfiction
Publisher| Palgrave MacMillan

Publication date

| July 27, 2015
Media type| Hardcover, Audiobook, Amazon Kindle
Pages| 230

The Public Wealth of Nations: How Management of Public Assets Can Boost or Bust Economic Growth (Palgrave, 2015)[1] is a non-fiction book, co-authored by Dag Detter and Stefan Fölster, stating that governments have trillions of dollars in commercial assets, from companies and forests to real estate, but they are often poorly managed.

The book says that things could be improved by ring-fencing assets from political meddling in independent Public Wealth Funds (PWFs)—holding companies whose professional managers are free to treat them as if they were privately owned. The focus, they argue, should be on yield, not ownership.[2]

The book was included in The Economist—Books of the Year 2015[2] and the Financial Times, FT’s Best Books of the Year 2015.[3] The authors argue that better management of public assets could increase global living standards and improve the fabric of democratic institutions across the world,[4] and that such management could raise 2.7 trillion US$ annually for governments.[5]

## References

1. ↑ PalgraveMcMillan
2. ↑ 2.0 2.1 The Economist; December 5, 2015
3. ↑ Financial Times, Martin Wolf; November 27, 2015
4. ↑ Citi GPS, Willem Buiter et al.
5. ↑ "Public sector needs to do a better job with assets", Financial Times, Martin Wolf; April 15, 2016

## External links

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