Why Public Goods are a Pedagogical Bad

28 Pages Posted: 12 Jun 2006

Date Written: June 7, 2006

Abstract

The concept of public goods is confusing because it confounds three analytically distinct concepts: excludability, rivalry, and public finance. Pure public goods are of limited relevance as an explanation of government spending. To make matters worse, the broader policy community uses the term in ways that invoke different means of both public and good than economists favor. For example, global public goods describe everything from the global environment, international financial stability and market efficiency, to health, knowledge, peace and security and humanitarian rights. In this essay, I argue for radically reducing the emphasis placed on public goods in the standard undergraduate public finance curriculum, and instead emphasizing the fundamental underlying issues of exclusion, rivalry, and public finance/provision. The ultimate aim of an undergraduate course in public expenditures should, I argue, be to explain government spending.

JEL Classification: A20, A22, H40, H41

Suggested Citation

Woolley, Frances, Why Public Goods are a Pedagogical Bad (June 7, 2006). Available at SSRN: https://ssrn.com/abstract=907381 or http://dx.doi.org/10.2139/ssrn.907381

Frances Woolley (Contact Author)

Carleton University ( email )

1125 colonel By Drive
Ottawa, Ontario K1S 5B6
Canada
613-520-2600, x3756 (Phone)
613-520-3906 (Fax)

Register to save articles to
your library

Register

Paper statistics

Downloads
184
rank
156,973
Abstract Views
1,145
PlumX Metrics