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ECONLIB Books

Feb 5 2018

James M. Buchanan

The Demand and Supply of Public Goods

By James M. Buchanan

Book Cover
First Pub. Date

1968

Publisher

Indianapolis, IN: Liberty Fund, Inc.

Pub. Date

1999

Comments

First published in 1968 by Rand McNally & Company. Foreword by Geoffrey Brennan.

Copyright

The text of this edition is copyright ©: 1999 Liberty Fund, Inc. Picture of James M. Buchanan: File photo detail, courtesy Liberty Fund, Inc. James M. Buchanan, Charlottesville, Virginia, 1964.

Table of Contents
  1. Foreword
  2. Ch. 1, A Methodological Introduction
  3. Ch. 2, Simple Exchange in a World of Equals
  4. Ch. 3, Simple Exchange in a World of Unequals
  5. Ch. 4, Pure and Impure Public Goods
  6. Ch. 5, Many Private Goods, Many Persons
  7. Ch. 7, The Publicness of Political Decisions
  8. Ch. 8, The Institutions of Fiscal Choice
  9. Ch. 9, Which Goods Should Be Public
  10. Ch. 10, Toward a Positive Theory of Public Finance
  11. Supplementary Reading Materials
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RELATED CONTENT By Anthony de Jasay
The Failure of Market Failure. Part II. The Public Goods Dilemma
Public goods are freely accessible to all members of a given public, each being able to benefit from it without paying for it. The reason standard theory puts forward for this anomaly is that public goods are by their technical character non-excludable. There is no way to exclude a person from access to such a good if it is produced at all. Examples cited include the defence of the realm, the rule of law, clean air or traffic control. If all can have it without contributing to its cost, nobody w...
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