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