The history of lighthouses in great britain is far more complex than you get by reading a standard text book about a lighthouse. The naive view that lighthouse is a straightforward public good for which, unless it's provided outright by government and funded exclusivelytard taxationin lighthouses was not the case. They were funded by, i forget the term, harbor fees. And they were funded in large part by fees that boat owners did pay. Can free rite everybodywho can say, well, i won't pay, cause then i'll just, i can so get the light and co sibell, let's look at the actual history of lighthousehouses in great bitt
Don Boudreaux of George Mason University and Cafe Hayek talks with EconTalk host Russ Roberts about the intellectual legacy of Ronald Coase. The conversation centers on Coase's four most important academic articles. Most of the discussion is on two of those articles, "The Nature of the Firm," which continues to influence how economists think of firms and transaction costs, and "The Problem of Social Cost," Coase's pathbreaking work on externalities.