Dag Detter is a Swedish investment advisor, as well as an author and speaker on the topic of public commercial assets.[1] He is the former President of Stattum and Director at the Swedish Ministry of Industry, leading the restructuring of the government portfolio of public assets during the reforms 1998-2001.[2][3][4]
Dag Detter | |
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| Nationality | Swedish |
| Alma mater | Lund University |
| Notable work | The Public Wealth of Nations |
| Website | |
| detterco | |
Together with Stefan Fölster, he is the author of two books, including The Public Wealth of Nations : How Management of Public Assets Can Boost or Bust Economic Growth (Palgrave, 2015),[5] included in The Economist — Books of the Year 2015[6] and the Financial Times FT's Best Books of the Year 2015.[7] The book argues that better management of public assets would increase global living standards and improve the fabric of democratic institutions.[8]
In 2017 The Brookings Institution Press published The Public Wealth of Cities : How to Unlock Hidden Assets to Boost Growth and Prosperity. This book focuses on the local level of governments and says that while many cities and counties are scrambling to find money to survive, they are sitting on an enormous untapped wealth which could be used to pay not only for infrastructure but also investments in any important social functions[9] The book states that economic vitality and financial stability to cities could be achieved by focusing on public wealth and shifting attention and resources from short-term spending to longer-term investments[10] through the creation of urban wealth funds.
Detter has also written for the Financial Times,[11] The Wall Street Journal,[12] Project Syndicate,[13] Foreign Affairs,[14] Foreign Policy,[15] International Monetary Fund,[16] The World Bank,[17] Chicago Tribune,[18] Public Finance,[19] and The Globe and Mail,[20] as well as the World Economic Forum.[21]
The book 'Public Net Worth' (co-authored) was selected by Martin Wolf as one of Financial Times "Best summer books of 2024: Economics".[22]
Works
edit- The Public Wealth of Nations : How Management of Public Assets Can Boost or Bust Economic Growth, London: Palgrave, 2015, ISBN 978-1-137-51986-3
- The Public Wealth of Cities : How to Unlock Hidden Assets to Boost Growth and Prosperity, Washington, D.C. : Brookings Institution Press, 2017, ISBN 978-0-815-72998-3, OCLC 955019705
- "The Rise of Legal Cheating: People think the system is rigged and are losing faith in democracy", Prospect Magazine, April 24, 2017[23]
- Unlocking Public Wealth: Governments could do a better job managing their assets, Washington, D.C. : International Monetary Fund, Finance & Development, March 2018[16]
- "The potential of state commercial property: mapping and managing non-financial public assets", International Journal of Public Policy, Vol. 15, Nos. 1/2, pp. 111–124.[24]
- Public Net Worth : Accounting, Government and Democracy, London: Palgrave MacMillan, 2024, ISBN 978-3-031-44342-8
References
edit- ^ "Dag Detter - Keynote Speaker".
- ^ "Sweden warned to simplify state sell-off". Financial Times. 20 March 2007.
- ^ "Swedish lessons for EU bank owners". Financial Times. 8 October 2012.
- ^ Sandbu, Martin (10 July 2015). "'The Public Wealth of Nations', by Dag Detter and Stefan Fölster". Financial Times.
- ^ PalgraveMcMillan
- ^ The Economist; [1] December 5, 2015
- ^ Financial Times, Martin Wolf; [2] November 27, 2015
- ^ Citi GPS, Willem Buiter et al. [3] Archived 2016-10-28 at the Wayback Machine
- ^ "The Untapped Wealth of American Cities". 2017-08-17.
- ^ "The Public Wealth of Cities". 2001-11-30.
- ^ Detter, Dag (11 October 2017). "Lessons from New Zealand on fiscal discipline". Financial Times.
- ^ Detter, Dag (31 August 2018). "Opinion | New York Can Earn the Money to Pay for Better Subways". Wall Street Journal.
- ^ "Unlocking Public Wealth | by Dag Detter". 14 December 2018.
- ^ Detter, Dag (26 November 2014). "Hidden Assets". Foreign Affairs.
- ^ "Getting a Handle on National Wealth".
- ^ a b Dag Detter; Stefan Fölster (March 2018). "Unlocking Public Wealth". IMF. Retrieved 11 December 2022.
- ^ "Paying for development – Governments are sitting on a 'goldmine'".
- ^ "Don't want another parking meter deal, Chicago? Here's the smart way to fix infrastructure". Chicago Tribune.
- ^ "Look to the professional management of assets for fiscal innovation | Public Finance". www.publicfinanceinternational.org. Archived from the original on 2019-05-29.
- ^ Detter, Dag (27 May 2018). "Canada's infrastructure players need to get on the same page". The Globe and Mail.
- ^ "How cities can lead the way in bridging the global housing gap".
- ^ Best summer books of 2024: Economics
- ^ Detter, Dag; Fölster, Stefan (April 24, 2017). "The rise of legal cheating". Prospect. London.
- ^ Detter, Dag; Folster, Stefan (2019). "The potential of state commercial property: Mapping and managing non-financial public assets". International Journal of Public Policy. 15: 111. doi:10.1504/IJPP.2019.099048. S2CID 159191472.
External links
edit- Welcome to the ways of the market: Financial Times; November 12, 1999 Archived November 17, 2016, at the Wayback Machine
- Self-assembly solution: Financial Times, March 17, 2009
- Swedish lessons for EU bank owners: Financial Times, October 8, 2012
- Build houses on Britain's wasted public land: Financial Times, October 7, 2015
- Public sector needs to do a better job with assets: Financial Times, April 15, 2016
- America's Governmental Accounting Standards Board is giving ruinously bad advice: Financial Times, August 23, 2017
- US cities must unlock the value of the land they sit on: Financial Times, July 21, 2017
- Governments Should Be Run More Like Businesses: Barron's, October 12, 2018
- The World's Forgotten Asset Class: Barron's, September 7, 2018
- On public wealth, ignorance is not bliss: Financial Times, October 17, 2018
- Sustainable Cities: Citi GPS, April, 2018