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Public Goods and Externalities: The Case of Roads

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Tags Free MarketsTaxes and SpendingMonopoly and Competition

07/30/2014Walter Block

When government monopolization of the roadways is discussed by economists, the "externalities" argument is usually raised. The argument is said to be simple, clear, and irrefutable. In fact, none of these terms really apply. Let us consider the argument closely.

Volume 7, Number 1 (1983)

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Block, Walter. "Public Goods and Externalities: The Case of Roads." Journal of Libertarian Studies 7, No. 1 (1983): 1–34.