Public goods and government action

It is widely agreed that one of the core functions of government is to supplyinfo-icon public goodsinfo-icon 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 debtinfo-icon of gratitude to economists for developing the theory of public goods, the link between public goods and public policyinfo-icon cannot be forged without moral reflection on the proper function and scope of government powerinfo-icon.

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Published in: Politics, Philosophy and Economics
2015 14 (2) Pages 109-128

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