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Don Boudreaux on Coase

EconTalk

The History of Lighthouses in Great Britain

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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

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