Economics Dictionary of ArgumentsHome
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| Collective goods: Collective goods, or public goods, in economics are goods that are non-excludable and non-rivalrous, meaning they can be used by everyone without reducing availability to others.. These goods often require government provision or regulation due to challenges in private market supply and free-rider issues. See also Free-rider, Non-rivalty._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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John Kenneth Galbraith on Collective Goods - Dictionary of Arguments
Rothbard III 983 Collective goods/Government service/Galbraith/Rothbard: Galbraith also airily assumes, in common With many other writers, that many governmental services are "collective goods" and therefore simply cannot be supplied by private enterprise. >Government services/Rothbard, >Social goods. RothbardVsGalbraith: Without going further into the question of the desirability of private enterprise in these fields, one must note that Galbraith is quite wrong. Not only is his thesis simply a bald assertion, unsupported by facts, but, on the contrary, every single service generally assumed to be suppliable by government alone has been historically supplied by private enterprise. This includes such services as education, road building and maintenance, coinage, postal delivery, fire protection, police protection, judicial decisions, and military defense - all of which are often held to be self-evidently and necessarily within the exclusive province of government.(1) 1. (…) to the successful development of the road and canal networks of eighteenth-century England by private road, canal, and navigation improvement companies. See T.S. Ashton, An Economic History of England: The 18th Century (New York: Barnes and Noble, n.d.), pp. 72-81._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Galbraith I John Kenneth Galbraith The Affluent Society London 1999 Rothbard II Murray N. Rothbard Classical Economics. An Austrian Perspective on the History of Economic Thought. Cheltenham, UK: Edward Elgar Publishing. Cheltenham 1995 Rothbard III Murray N. Rothbard Man, Economy and State with Power and Market. Study Edition Auburn, Alabama 1962, 1970, 2009 Rothbard IV Murray N. Rothbard The Essential von Mises Auburn, Alabama 1988 Rothbard V Murray N. Rothbard Power and Market: Government and the Economy Kansas City 1977 |
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