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A Theory of the Theory of Public Goods

Author

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  • Holcombe, Randall G.

    () (Department of Economics, Florida State University)

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.

Suggested Citation

  • Holcombe, Randall G., 2015. "A Theory of the Theory of Public Goods," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 196-207.
  • Handle: RePEc:rnp:ecopol:ep1544
    as

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    References listed on IDEAS

    as
    1. Charles M. Tiebout, 1956. "A Pure Theory of Local Expenditures," Journal of Political Economy, University of Chicago Press, vol. 64, pages 416-416.
    2. Tideman, T Nicolaus & Tullock, Gordon, 1976. "A New and Superior Process for Making Social Choices," Journal of Political Economy, University of Chicago Press, vol. 84(6), pages 1145-1159, December.
    3. Ivanovic, Slobodan & Katic, Antonia & Mikinac, Kresimir, 2010. "Cluster As A Model Of Sustainable Competitiveness Of Small And Medium Enterpreneurship In The Tourist Market," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 1(2), pages 45-54.
    4. Epple, Dennis & Romano, Richard E, 1996. "Public Provision of Private Goods," Journal of Political Economy, University of Chicago Press, vol. 104(1), pages 57-84, February.
    5. Edward Clarke, 1971. "Multipart pricing of public goods," Public Choice, Springer, vol. 11(1), pages 17-33, September.
    6. Francis M. Bator, 1958. "The Anatomy of Market Failure," The Quarterly Journal of Economics, Oxford University Press, vol. 72(3), pages 351-379.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Dung V. Vu, 2016. "Germany versus China: How does social distance influence public good behavior?," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 15(1), pages 33-52, June.
    2. Trofimov, Ivan D., 2017. "International policy entrepreneurship and production of international public goods: the case of multilateral trade regime," MPRA Paper 80819, University Library of Munich, Germany.
    3. Daniel Y. ROTHSCHILD & Walter BLOCK, 2016. "It Is Not Armed Robbery When Government Takes People's Stuff, It Is Civil Asset Forfeiture," Journal of Social and Administrative Sciences, KSP Journals, vol. 3(3), pages 219-230, September.
    4. Wenli Cheng & Dingsheng Zhang, 2011. "How Should A Public Good Be Provided? A Transaction Cost Approach," Division of Labor & Transaction Costs (DLTC), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 69-80.
    5. Eduardo Pontual Ribeiro & Cláudio Djissey Shikida, 2000. "Existe trade-off entre receitas próprias e transferências? O caso dos municípios mineiros," Anais do IX Seminário sobre a Economia Mineira [Proceedings of the 9th Seminar on the Economy of Minas Gerais],in: João Antonio de Paula & et alli (ed.), Anais do IX Seminário sobre a Economia Mineira, volume 1, pages 441-462 Cedeplar, Universidade Federal de Minas Gerais.
    6. repec:rau:journl:v:12:y:2017:i:2:p:41-56 is not listed on IDEAS
    7. Joseph Michael Newhard, 2016. "An Interest Group Theory of Public Goods Provision: Reassessing the Relative Efficiency of the Market and the State," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 31(Winter 20), pages 21-41.
    8. repec:crc:chapte:1-05 is not listed on IDEAS
    9. Walter E. Block, 2014. "Justifying a Stateless Legal Order: A Critique of Rand and Epstein," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 29(Spring 20), pages 21-49.
    10. Stefano Moroni & David Emanuel Andersson, 2014. "Introduction: private enterprise and the future of urban planning," Chapters,in: Cities and Private Planning, chapter 1, pages 1-16 Edward Elgar Publishing.
    11. Walter Block & Ivan Jankovic, 2016. "Tragedy of the Partnership: A Critique of Elinor Ostrom," American Journal of Economics and Sociology, Wiley Blackwell, vol. 75(2), pages 289-318, March.
    12. Remigiusz Lewandowski, 2014. "Contemporary Monopolies In The Polish Economy – The Case Study Of Pwpw," Oeconomia Copernicana, Institute of Economic Research, vol. 5(3), pages 127-152, September.
    13. Polcyn, Jan, 2017. "Edukacja jako dobro publiczne - próba kwantyfikacji
      [Education as a public good – an attempt at quantification]
      ," MPRA Paper 76606, University Library of Munich, Germany, revised 2017.
    14. Artavia Mora, L.D., 2016. "Intuitive cooperation in The Hague : A natural field experiment," ISS Working Papers - General Series 614, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    15. Vipin Veetil, 2011. "Conceptions of rationality in law and economics," European Journal of Law and Economics, Springer, vol. 31(2), pages 199-228, April.

    More about this item

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • H4 - Public Economics - - Publicly Provided Goods
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War

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