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Public Goods and Externalities: The Case of Roads

The Journal of Libertarian Studies

Tags Free MarketsTaxes and SpendingMonopoly and Competition

07/30/2014Walter Block

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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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Walter Block is the Harold E. Wirth Eminent Scholar Endowed Chair in Economics at Loyola University, senior fellow of the Mises Institute, and regular columnist for LewRockwell.com.

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