Public goods and government action

  title={Public goods and government action},
  author={Jonathan Anomaly},
  journal={Politics, Philosophy \& Economics},
  pages={109 - 128}
It is widely agreed that one of the core functions of government is to supply public goods that markets either fail to provide or cannot provide efficiently. I will suggest that arguments for government provision of public goods require fundamental moral judgments in addition to the usual economic considerations about the relative efficacy of markets and governments in supplying them. While philosophers and policymakers owe a debt of gratitude to economists for developing the theory of public… 

Concerning publicized goods (or, the promiscuity of the public goods argument)

Proponents of the public goods argument (‘PGA’) seek to ground the authority of the state on its putative indispensability as a means of providing public goods. But many of the things we take to be

Public Goods: Re-examination, Related Concepts and Distinctions

  • Jing Chen
  • Economics
    E3S Web of Conferences
  • 2021
The essay is aiming at answering‘How do economists distinguish between public goods and private goods? What problems does the existence of public goods pose for the market? How might the government

On the Inefficiency of Political Exchange

A classic argument in economic theory is that in a world of zero transaction costs the free bargaining among parties spontaneously leads to an efficient allocation of resources. Attempts have been

Public Goods and Education

Education can be a private good or a public good. The fact that one person’s education can have positive or negative spillover effects on other people is often taken to be an argument for government

“Public Health, Public Goods, and Market Failure”

  • L. Horne
  • Economics
    Public Health Ethics
  • 2019
This discussion revises and extends Jonny Anomaly's ‘public goods’ account of public health ethics in light of recent criticism from Richard Dees. Public goods are goods that are both non-rival and

Forward Guidance, Information Frictions and Optimal Monetary Policy: A General Equilibrium Analysis with a Public Sector

This paper analyzes the optimal monetary policy in a model with a public sector when firms choose prices under incomplete information, and the government can not observe the current state perfectly.

The overarching principle of Market: Its interface with Law

The doctrine of the market exchange system is not limited to the exchanges concerned with profit maximisation rather the maximisation of any positive value and to limit the exchange of any value

What is public health? public goods, publicized goods, and the conversion problem

It is shown that being a health-related public good is not a sufficient condition for counting as a public health goal, since virtually any private good can be converted into a public good by government fiat.

Public finance, foreign aid and political incentives

This thesis consists of three studies on foreign aid and its allocation by political leaders within recipient countries. It explores whether this allocation depends on personal motives and

Does the Discourse on the Increase of Value Added Tax Have any legitimacy? Utilitarian Point of View

Recently, Indonesia has introduced and planned a tax imposition program, which was announced through the planned imposition of Value Added Tax (PPN) on Nine Basic Ingredients (sembako). Not only



Public Goods Theory and Public Policy

Public goods theory has been a cornerstone of the economic theory of the public sector since the 1950s. Inspired by a pair of path-breaking articles by Paul Samuelson, published in 1954 and 1955, the

Markets for public goods

There is a presumption in some circles that the identification of an externality or a public good presents a prima facie case for government intervention. Tyler Cowen has assembled a group of

The private production of public goods, once again

Anthony de Jasay attempts to demonstrate that public goods can be supplied privately without loss of efficiency, since there may be enough people willing to finance public‐goods production

An Economic Theory of Political Action in a Democracy

  • A. Downs
  • Economics
    Journal of Political Economy
  • 1957
IN SPITE of the tremendous importance of government decisions in every phase of economic life, economic theorists have never successfully integrated government with private decision-makers in a

Rules for choosing among public goods: A contractarian approach

This paper asks what rules for supplying and financing public goods would be chosen by individuals at the constitutional level. A new principle of decision-making is proposed. This separates

The Demand and Supply of Public Goods

Public-goods theory constituted a major element in James M Buchanan's research agenda throughout the 1960s. THE DEMAND AND SUPPLY OF PUBLIC GOODS is a major part of that work. At the time that

Public Decisions as Public Goods

  • G. Tullock
  • Economics, Law
    Journal of Political Economy
  • 1971
It is now orthodox in economics to explain the desirability of government by pointing to the existence of public goods and the difficulties which the private market would have in dealing with them.'

Knowledge as Global Public Good

This chapter applies the framework of public goods to knowledge. It shows that knowledge has some characteristics of public good, such as being non-rival in consumption and in the long run non

Economic Analysis , Moral Philosophy and Public Policy

This book shows through argument and numerous policy-related examples how understanding moral philosophy can improve economic analysis, how moral philosophy can benefit from economists' analytical

Public Goods and Public Policy

One of the most interesting developments in the Anglo-American public finance literature of recent years has been the appearance, under the formidable aegis of Professor Samuelson, of a prescriptive