What can public wealth do for you?

Dag Detter and Stefan Fölster

Chapter Chapter 1 in The Public Wealth of Nations, 2015, pp 1-15 from Palgrave Macmillan

Abstract: Abstract The single largest owner of wealth in nearly every country is not a private company or an individual like Bill Gates, Carlos Slim, or Warren Bufet. The largest owner of wealth is all of us collectively — you and your fellow taxpayers. And we all have our own personal wealth manager, who we usually call “the government.” As far as we can calculate, governments own a larger stock of assets than all very wealthy individuals put together, and even more than all pension funds, or all private equity funds.

Keywords: Central Bank; Pension Fund; Economic Freedom; Private Equity Fund; General Account Office (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1057/9781137519863_1

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