An 'Existence Proof' of Public Goods

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  • An 'Existence Proof' of Public Goods Book Detail

  • Author : Ash Navabi
  • Release Date : 2017
  • Publisher :
  • Genre :
  • Pages : 17
  • ISBN 13 :
  • File Size : 7,7 MB

An 'Existence Proof' of Public Goods by Ash Navabi PDF Summary

Book Description: It is often asserted that public goods either do not 'exist', or that goods exist on some kind of vague spectrum between “purely public” and “purely private” goods. This is because of a conceptual muddling between public goods and private goods. I present a new conceptual framework for distinguishing between public goods and private goods, preserving the original definitions but clarifying why a public good is fundamentally different than a private good. Namely, I introduce the concept of a mass function, and the import the Law of Conservation of Mass from physics, to demonstrate that a public good must have zero mass. In other words, public goods are immaterial. Thus, not only do pure public goods 'exist' (in the sense that they are a distinct concept with a real-world analog), but are fairly easy to identify. I then discuss why, under this new understanding, the standard treatments of public goods are misguided--specifically, how public goods can be and often are provided without government intervention.

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