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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Murray N. Rothbard on Collective Goods - Dictionary of Arguments
Rothbard III 1030 Collective goods/Rothbard: The economist simply asserts that some goods or services, by their very nature, must be supplied "collectively," and "therefore" government must supply them out of tax revenue. RothbardVs: This seemingly simple, existential statement, however, cloaks a good many unanalyzed politico-ethical assumptions. In the first Place, even if there were "collective goods," it by no means follows either (1) that one agency must supply them or (2) that everyone in the collectivity must be forced to pay for them. In short, if X is a collective good, needed by most people in a certain community, and which can be supplied only to all, it by no means follows that every beneficiary must be forced to pay for the good, which, incidentally, he may not even want. In short, we are back squarely in the moral problem of external benefits (….). The "collective goods" argument turns out, upon analysis, to reduce to the "external benefit" argument. >External benefit/Rothbard, >Externalities, >Collective goods/Economic theories._____________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. |
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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