Question 2 (a) Explain the comment of Samuelson (1954, p. 389) that "the 'external economies' and 'jointness of demand' intrinsic to the very concept of collective goods and governmental activities makes it impossible for [...] laissez faire" provision

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter2: Some Tools Of The Economist
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Question 2
(a) Explain the comment of Samuelson (1954, p. 389) that "the 'external economies' and
'jointness of demand' intrinsic to the very concept of collective goods and
governmental activities makes it impossible for [...] laissez faire" provision
mechanisms to work even theoretically.1
Transcribed Image Text:Question 2 (a) Explain the comment of Samuelson (1954, p. 389) that "the 'external economies' and 'jointness of demand' intrinsic to the very concept of collective goods and governmental activities makes it impossible for [...] laissez faire" provision mechanisms to work even theoretically.1
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