Public Good Archives - Granite Grok

Public Good

Liberty behind a fence - Free Image antonio ferreira

Notable Quote – Limiting Restrictions on Liberty is always a “Public Good”

The restrictions on ‘natural liberty’ surely constitute ‘public bads’, from which it follows that their removal would be equivalent to the production of ‘public goods’. And surely these ‘public goods’ would increase the utility of persons in the community more than the sometimes piddling adjustments that are suggested for correcting minor market distortions. Smith would …

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Football Stadium

Yes, Your Town Has Them Too – Free Riders

I experienced this personally on the last day of my last term as a Budget Committee member in my town so this ISN’T just a problem at the county, State, or National levels.

Stakeholders

Notable Quote – Shareholder or Stakeholder?

The greedy capitalists of the old shareholder model of corporate responsibility had one thing in common with their shareholders, namely, both were largely motivated in the same way. Management was incentivized to maximize profits, and investors invested so that those managers would do so. Under the new stakeholder dispensation, presumably management is to be concerned …

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