Re-thinking the Definition of “Public Goods”

Re-thinking the Definition of “Public Goods” / June Sekera, Real-world economics review blog, 9/07/2014

http://rwer.wordpress.com/2014/07/09/re-thinking-the-definition-of-public-goods/

Introduction

A year ago last May, the Real World Economics Review blog published my post, “Why Aren’t We Talking About Public Goods?” In that article I argued that we need to revive and reframe the concept of public goods. A concept of public goods is immensely important because: 

  • The absence of a widely-held, constructive idea of public goods in public discourse denies citizens the ability to have an informed conversation, or to make informed decisions, about things that matter mightily to the quality of their lives and their communities.

  • Its absence robs public policy makers, leaders and managers of the concept that is most central to the reason for their being. 

  • The current economics definition of public goods feeds and supports the marketization and privatization of government, and the consequent undermining of governments’ ability to operate…


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