The theory of the origin of the theory of public goods (conclusion)

Теория происхождения теории общественных благ

Hollcombe, Randall J. (Холкомб, Рэндалл Дж.) ()
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Hollcombe, Randall J. (Холкомб, Рэндалл Дж.): Florida State University, Department of Economics
Authors registered in the RePEc Author Service: Randall G. Holcombe

Ekonomicheskaya Politika / Economic Policy, 2015, vol. 5, 191—207

Abstract: The article critically examines the traditional theory of public goods, it is an established part of the theory of public finance. The author shows that this theory in the form in which it is treated by its creators and authors of modern textbooks, can serve no empirical explanation for the production of a good in the public sector, no regulatory justification for such production. Then, the article developed political economy concept that the fact that some goods are produced and provided by the state, is due to the interests of the state, seeking to build up their own wealth and political power. In this context, the very theory of public goods and its promotion are explained as part of a system of institutions, ensuring the preservation and expansion of the power and influence of the state in society.

Keywords: the theory of public goods; private production of public goods (search for similar items in EconPapers)
JEL-codes: D72 H4 H52 H56 (search for similar items in EconPapers)
Date: 2015
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