Markets work best when...

Markets work best when government provides public goods. These are not, as the name wrongly suggests, anything purchased with public money. Instead, public goods have two salient characteristics: 1)They can be provided just as cheaply for thousands or even millions of people as they can for a single individual and 2)It's difficult or impossible to prevent people who haven't paid for such goods from enjoying their benefits. Charles Wheelan

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Added on: September 18, 2007

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