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David Henderson on the Essential UCLA School of Economics

EconTalk

The Lighthouse Is a Public Good That Has to Be Provided Publicly

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There's a presumption that market icentives work well, not always. But similarly, i don't want to say whell government never works well because they're all just a bunch of bearcrasts with no incentive. Sometimes, inspired by their desire to be good public citizens, it's possible they can do a good job. I'll just leave it at that and let you respond.

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