Exclusion and Depletion of Goods
I do not see any bleeding-heart lefties giving up their private goods to redress their constant complaints against capitalism.
By Dr. Ileana Johnson Paugh —— Bio and Archives--June 21, 2019
American Politics, News | Comments | Back To Full Article
Keynesian economists talk about market failures such as public goods and private goods. Public goods are, in their description, "socially valuable commodities" which cannot be financed by private enterprise because the prices would not be "socially desirable." (read that as very expensive)
It is their opinion that the "government must pay for public goods." Examples of public goods they give include "everything from national defense to coastal lighthouses."
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