Tag Archives: public goods

I am surprised that Geoffrey Hodgson would make an elementary error in argument by taking an arbitrary definition as an absolute criterion. His argument actually says that those he is opposing are using the term "public good" in a way that contradicts current convention in the dominant faction of the economics profession. What if the definition is too narrow to fit the general case and is therefore only suitable for special case models? This is similar to the claim of...

For an increasing number of education and political leaders, bringing debt-free higher education back to California is long overdue. In 2015 alone, over half of UC and CSU seniors graduated with a staggering $1.3 billion debt load. Since 2004, California’s public university students have collectively racked up student debt in excess of $12 billion. That liability has been a catastrophe, according to UC San Francisco medical professor Stanton Glantz, president of the Council of University of...

Some Democrats are coming to recognize that since access to health care is a right, health care is a public good, and universal health care cannot be provided efficiently and effectively by the private sector for profit.Longish, but it goes in to the history and details. A good introduction to the present state. The InterceptDemocrats Have Given Up on Private Health Care Markets — and for Good Reason Jon Walker