Public Goods and Market Failures A Critical Examination

At one time or another nearly every sector of the American economy has been branded as a market failure. Such claims are probably the most important arguments for government support or intervention. The private sector may be deemed incapable of solving the so-called free rider problem or may price public goods in such a way as to insufficiently exclude nonpayers. Assertions of market failure are usually based upon Paul Samuelson's theory of public goods & externalities. Public Goods & Market Failures both develops that theory & challenges the conclusion of many economists & policy makers that market failures cannot be corrected by market forces.Cowen, Tyler is the author of 'Public Goods and Market Failures A Critical Examination' with ISBN 9781560005704 and ISBN 156000570X.