An under-appreciated paper in economics is David Van Zandt’s , The Lessons of the Lighthouse” in the Journal of Legal Studies in 1993.
It is a useful paper for those of you interested in understanding that there is a continuum of goods along the “public goods” and “private goods” spectrum. For example, without saying so, he pays important heed to the enormous interconnectedness of society. Even goods that are privately owned, sold and secured, rely in important ways on the existence of well-functioning government institutions. But this is beside the point. In his discussion of pre-industrial lighthouse provision, he finds:
Another novel but still charitable provision of lighthouse services was the chapel lighthouse on Lantern Hill at the entrance to the harbor of Ilfracombe on the northern coast of the Devon peninsula. For a time after 1540, the light in the chapel was maintained by the sale of indulgences of 40 days by the Bishop of Exeter to any takers.
Did I mention I grew up Catholic?
62486 415684hey great internet site i will definaely come back and see again. 120994
406704 156767The the next occasion I read a weblog, I genuinely hope so it doesnt disappoint me about brussels. Come on, man, Yes, it was my option to read, but I just thought youd have some thing fascinating to state. All I hear can be plenty of whining about something which you could fix if you werent too busy searching for attention. 701808
901287 350284I conceive this internet site has really great indited content material material posts . 785397
577075 158411never saw a internet site like this, relaly impressed. compared to other blogs with this article this was definatly the most effective site. will save. 486911
372438 712897I genuinely dont accept this certain article. Nonetheless, I had searched with Google and Ive found out that you are appropriate and I had been thinking in the improper way. Keep on creating top quality material similar to this. 476133
907083 623822Oh my goodness! a amazing post dude. Thank you Even so I will likely be experiencing problem with ur rss . Dont know why Can not subscribe to it. Will there be any person obtaining identical rss problem? Anybody who knows kindly respond. Thnkx 690655
666390 643161Hey! I basically wish to give an enormous thumbs up for the very good details youve got here on this post. I will likely be coming back to your blog for more soon. 386126
öncelikle web siteniz çok güzel olmuş. ayrıca makaleler çok harika sürekli sitenizi ziyaret ediyorum teşekkür ederim
Your site is very nice, the articles are great, I wish you continued success, I love your site very much, I will visit it constantly
976161 270197This really is something I actually have to try and do plenty of analysis into, thanks for the post 14584
Your site is very nice, the articles are great, I wish you continued success, I love your site very much, I will visit it constantly
Your site is very nice, the articles are great, I wish you continued success, I love your site very much, I will visit it constantly
Your site is very nice, the articles are great, I wish you continued success, I love your site very much, I will visit it constantly
Your site is very nice, the articles are great, I wish you continued success, I love your site very much, I will visit it constantly
318170 954344Intending start up a enterprise about the web involves revealing marketing plus items not only to girls locally, but somehow to several buyers who are web-based as a rule. e-learning 478002
959806 771974Hello! I would wish to supply a large thumbs up for your superb info you can have here about this post. Ill be coming back to your blog website for further soon. 607958
97372 888103Following study some of the blog posts inside your web site now, and i genuinely such as your technique for blogging. I bookmarked it to my bookmark website list and are checking back soon. Pls look into my web website likewise and make me aware what you consider. 403887
619697 664855I saw your post awhile back and saved it to my computer. Only lately have I got a chance to checking it and need to let you know good work. 435083
544259 453779Ill proper away grasp your rss feed as I cant in obtaining your e-mail subscription hyperlink or e-newsletter service. Do youve any? Please let me realize so that I may possibly subscribe. Thanks. 482207