By Robert Higgs | Monday November 20, 2017 at 9:03 AM PST | Comments Off on Voluntary Provision of a So-called Public Good
For the past few days, several men and a fair-sized tractor front-end loader have been working on the beach road where I live north of Xcalak. None too soon, either, as the potholes have become immense in the past year or so since the last repairs. A gringo neighbor down the road organized this...
Read More »
Tags: Economics, free riders, private property, Privatization, public goods, Roads, tragedy of the commons
By Mary Theroux | Wednesday December 29, 2010 at 1:26 PM PST | 1 Comment
Ronald H. Coase, winner of the 1991 Nobel Prize in Economic Science, turns 100 today, still publishing. As The Economist magazine pointed out in its recent tribute to his work on firms: He has long chided his fellow economists for scrawling hieroglyphics on blackboards rather than looking at what it actually takes to run...
Read More »
Tags: Chicago School of economics, Civil Society, Economics, Education, externalities, free enterprise, Free Market, free rider effect, John Stuart Mill, Journal of Law and Economics, Liberty, Lighthouse, Nobel Prize, Paul Samuelson, Personal Liberty, Power, Privatization, Property Rights, public goods, Science, Theory of Social Cost, Tunisian bird cage