The Business of Government and Government as a Business

A NATION IN DEBT: ECONOMISTS DEBATE THE FEDERAL DEFICIT, pp. 271-286, Richard H. Fink and Jack C. High, eds., University Publications of America, 1987

15 Pages Posted: 18 Jan 2010

See all articles by Peter J. Boettke

Peter J. Boettke

George Mason University - Department of Economics

Jerry Ellig

George Washington University - Regulatory Studies Center

Date Written: 1987

Abstract

Economists have historically believed that some goods and services can be provided only by the government. The traditional theory, Boettke and Ellig suggest, does not mean that we know for certain which specific goods those are in the real world. They propose allowing the market to decide what private enterprise can or cannot do by allowing private firms to compete with the government in the production of public goods, including the monetary system. As the scope of government activity shrinks, so, of course, will deficits.

Keywords: Public Goods

JEL Classification: B53, D70

Suggested Citation

Boettke, Peter J. and Ellig, Jerry, The Business of Government and Government as a Business (1987). A NATION IN DEBT: ECONOMISTS DEBATE THE FEDERAL DEFICIT, pp. 271-286, Richard H. Fink and Jack C. High, eds., University Publications of America, 1987. Available at SSRN: https://ssrn.com/abstract=1530872

Peter J. Boettke (Contact Author)

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States
703-993-1149 (Phone)
703-993-1133 (Fax)

Jerry Ellig

George Washington University - Regulatory Studies Center ( email )

805 21st St. NW
Washington, DC 20052
United States
703-375-9410 (Phone)

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