Source: Ludwig von Mises Institute
by Joshua Mawhorter
“Public goods theory is presented as scientific, value-free economic theory, however, it implicitly smuggles in normative presuppositions that lead to the conclusion that the modern nation-state, and the state alone, must provide certain essential goods and services, which legitimates the state and its actions as necessary and legitimate. Historically, many applications of public goods theory emerged less as neutral demonstrations of state necessity than as retrospective justifications for functions governments had already monopolized.” (05/27/26)