Public Goods and Externalities: The Case of Roads
The Journal of Libertarian Studies, Vol. 7, No. 1, Spring 1983
34 Pages Posted: 22 Jul 2011
Date Written: July 21, 2011
When government monopolization of the roadways is discussed by economists, the "externalities" argument is usually raised. The argument is said to be simple, clear, and irrefutable. In fact, none of these terms really apply. Let us consider the argument closely.
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