This book presents a theoretical treatment of externalities (i.e., uncompensated interdependencies), public goods, and club goods. The new edition updates and expands the discussion of externalities and their implications, coverage of asymmetric information, underlying game-theo…
by Becker, Gary S., (Gary Stanley)
fromPhoenix books
Utilitarianism considered both as a theory of personal morality and a theory of public choice.
A volume of studies of utilitarianism considered both as a theory of personal morality and a theory of public choice. All but two of the papers have been commissioned especially for the volume, and between them they represent not only a wide range of arguments for and against ut…
This study of the public goods dilemma explains how the present system of compulsory taxation helps to breed the parasitic "free riding" it is meant to suppress. The author argues that in the absence of taxation, many public goods would be provided by spontaneous group co-operat…
"President Nicolas Sarkozy of France asked Nobel Prize-winning economists Joseph E. Stiglitz and Amartya Sen, along with the distinguished French economist Jean-Paul Fitoussi, to establish a commission of experts to study whether Gross Domestic Product (GDP)-the most widely used…
