-
[quote]If enough people make this choice, a pure public good may not be provided, as in the case of a meteor hitting the earth. Everyone wants a laser to be built, but no one wants to pay for it. Each individual calculates for himself that he will be best off if he doesn't pay and everyone else pays...
-
Notes on Public Goods and Free Market Anarchism: Public Good - Any good that is non-rivalrous and non-excludable. Such goods, when produced by private entities suffer the "free rider problem." Free Rider Problem - When people consume a product but do not pay for it. Example of a Public Good...
-
Has anyone read this essay? I myself find it very unsatisfying. Does anyone see the flaws and inadequacies of this discussion of externalities? I'm unsure why Hoppe put it in there. I'm still in the middle of reading it but here are a few things that I'm unsure about: His rebuttal to the...
-
One million individuals offended is not worse nor better than one individual offended. Groups, in the abstract sense, do not act upon itself, but rather from individuals. Groups do not experience qualia. In layman's terms, groups are just psychological zombies, (NOT in the abstract algebra sort of...