Feed on
Posts
Comments

I find this insight a little weaker than the previous post on markets as public goods – I’ll blame it on cross-country travel. The entire theory of public goods always felt to me very much a castle in the air. Why is this? Well, the public goods problem is one that articulates how difficult it is for public goods to be produced in the first place. But this is surreptitious.

Why?

I’d feel better if the theory was a speculation about why some goods have not yet been produced. But the theory always felt awkward to me because it assumes the public good has already been produced. Now look, I’m not as poor an economist as that comment makes me sound. The theory of public goods is one that explores why the good is underprovided rather than not provided at all. And if potential producers can capture some of the gains from a trade then some of the good is likely to be produced. But I think the criticism of the theory is still apt. Something enabled entrepreneurs to captures some of the value of the public good in the first place. It seems unreasonable as a starting point for an analysis not to think there are strong competitive reasons for entrepreneurs to continue to do so.

15 Responses to “Markets as Public Goods, Part III”

  1. Hello there! Do you know if they make any plugins
    to help with SEO? I’m trying to get my website to rank for some targeted keywords but I’m
    not seeing very good results. If you know of any please share.

    Thank you! I saw similar text here: Warm blankets

  2. 810526 995142 warning Dont any of you folks ever take me to CiCis pizza! There food looks offensive!|Urban_Elegance| 572420

  3. pgslot says:

    247704 981992Wonderful post, thank you so significantly for sharing. Do you happen to have an RSS feed I can subscribe to? 648483

  4. 677173 912694Some truly good and useful information on this site, likewise I conceive the style holds excellent functions. 523439

  5. Graphics says:

    380264 390507Wohh exactly what I was searching for, regards for posting . 831462

  6. Bettie says:

    Hello there! Do you know if they make any plugins to assist with Search Engine Optimization?
    I’m trying to get my site to rank for some targeted keywords
    but I’m not seeing very good results. If you know of
    any please share. Many thanks! I saw similar article here:
    Code of destiny

  7. harlem789 says:

    826688 257114How considerably of an distinctive write-up, keep on posting greater half 898894

  8. 597957 742688Id must verify with you here. Which isnt something I often do! I enjoy studying a publish that can make men and women think. Also, thanks for permitting me to remark! 62988

  9. Georgiann says:

    I am extremely inspired with your writing talents and also with the format to your blog. Is that this a paid theme or did you customize it your self? Anyway keep up the nice quality writing, it’s uncommon to see a nice blog like this one nowadays. I like theunbrokenwindow.com ! My is: Stan Store

  10. Clemmie says:

    I am extremely impressed with your writing talents and also with the layout in your blog. Is this a paid topic or did you customize it yourself? Anyway keep up the nice high quality writing, it is rare to peer a great weblog like this one nowadays. I like theunbrokenwindow.com ! It’s my: Beehiiv

  11. 3677 109582Spot on with this write-up, I really suppose this web site needs rather far more consideration. most likely be once much more to learn significantly more, thanks for that information. 109856

  12. 822567 595493I like what you guys are up also. Such intelligent function and reporting! Keep up the superb works guys Ive incorporated you guys to my blogroll. I believe itll improve the value of my web site . 186574

  13. 7 slots says:

    30197 997826Woh I like your blog posts, saved to fav! . 426020

  14. pg168 says:

    19965 786148Thank you for your details and respond to you. auto loans westvirginia 279915

  15. pin up login says:

    689043 329231Howdy! Would you mind if I share your blog with my twitter group? Theres plenty of men and women that I believe would really enjoy your content. Please let me know. Thanks 595160

Leave a Reply