Some Theoretical Aspects of Merit Goods and Tutelage

Jean Bénard
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Jean Bénard: University of Paris

Chapter 12 in Planning and Market Relations, 1971, pp 225-248 from Palgrave Macmillan

Abstract: Abstract What is commonly called the ‘social sector of the economy’ does not, as the adjective suggests, cover the whole of the economy, but only a tertiary and often non-market sector comprising an apparently heterogeneous assortment of things like education, culture, health, low-cost housing, assistance to large families, children and old people, etc. But the assortment may be less heterogeneous than it seems, for ultimately all these items concern the creation and upkeep of major components of human capital.

Keywords: Production Function; Marginal Utility; Market Good; Quality Difference; Social Sector (search for similar items in EconPapers)
Date: 1971
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-15410-4_20

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DOI: 10.1007/978-1-349-15410-4_20

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