Public Goods and Externalities: The Case of Roads

Tags: Monopoly and Competition, Free Markets, Taxes and Spending

07/30/2014 Journal of Libertarian Studies Walter Block

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When government monopolization of the roadways is discussed by economists, the “externalities” argument is usually raised. The argument is said to be simple, clear, and irrefutable. In fact, none of these terms really apply. Let us consider the argument closely.

Volume 7, Number 1 (1983)

CITE THIS ARTICLE

Block, Walter. “Public Goods and Externalities: The Case of Roads.” Journal of Libertarian Studies 7, No. 1 (1983): 1–34.

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