Public Goods - Should they be always provided by the government? (ePub)

Essay aus dem Jahr 2007 im Fachbereich VWL - Finanzwissenschaft, Note: 2,0, Univerzita Karlova v Praze, Veranstaltung: Public Finance Advanced, Sprache: Deutsch, Abstract: Introduction

Every time when people try to work together one big problem comes out, to be specific of getting them to do their share of the work. Public goods are known as common works and market failures in classical economical theories, means that the market cannot provide them, so the conventional view postulates that only governments should and mostly can provide public goods.
Public goods are consumed collectively like national defence, public transport or public education. Many economists argue that central planning and bureaucratic is necessary to produce public goods. Especially Socialists argue that the government do a better job of providing them. Libertarian legal theorists are opponents of the Socialists. They argue that markets can provide most if not all private goods for various reasons; some of them will be discussed in this paper and we will see, that the answer of the included question in the topic is as so often, between the two radical theories of Socialists and Libertarians.
This paper shall be an economical analysis of public goods, neither political nor social viewings of public goods are pillars of this work, but in the hole discussion about public goods there are necessary and for the party who should provide them.