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Nonexcludability and Government Financing of Public Goods

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Tags Free MarketsTaxes and Spending

07/30/2014Karl T. Fielding

Many economists consider public goods to be a case of market "failure." They argue that the free market cannot finance the optimal amount of public goods. Therefore, they say, the government must finance their provision. In this paper I shall challenge this view. Three well-known arguments supporting this view will be presented and critically examined.

Volume 3, Number 3 (1979)

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Fielding, Karl T. "Nonexcludability and Government Financing of Public Goods." Journal of Libertarian Studies 3, No.3 (1979): 293-298.