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7min chapter
Dam Shame: It's not easy being government
The Answer Is Transaction Costs
Navigating Government Failures in Public Decision-Making
This chapter examines the intricacies of government failures in decision-making regarding public goods, such as dam construction. It highlights the challenges in achieving Pareto Optimum amidst differing benefits and costs, emphasizing the inadequacies of both democratic and technocratic methods in representing all citizens' interests.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode