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In this paper we challenge the traditional distinction between public goods and private goods. Economists use a definition of public goods that rests on the inherent properties of the good itself. Referring to criteria such as non-rivalness and non-excludability, they assert that the distinction...
Persistent link: https://www.econbiz.de/10010777851
Persistent link: https://www.econbiz.de/10010777941
Our paper reviews Marxist, pluralist and conservative theories of the state under capitalism from the standpoint of evidence on United States federal taxing and spending during the 1980s. The deficit panic is a product of the political stratum that defines the public interest as actions opposed...
Persistent link: https://www.econbiz.de/10010777953
Rational choice theories could be improved, their scope broadened, and their explanations made more powerful by asking not only `How do people go about getting what they know they want?' but also `Why do people want what they want in the first place?'. The advantages of combining a theory of...
Persistent link: https://www.econbiz.de/10010778063