Musgrave, Samuelson, and the Crystallization of the Standard Rationale for Public Goods

Details

Serval ID
serval:BIB_991664CB2A2D
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Musgrave, Samuelson, and the Crystallization of the Standard Rationale for Public Goods
Journal
History of Political Economy
Author(s)
Desmarais-Tremblay Maxime
ISSN
0018-2702 (Print)
1527-1919 (Online)
ISSN-L
0018-2702
Publication state
Published
Issued date
03/2017
Peer-reviewed
Oui
Volume
49
Number
1
Pages
59-92
Language
english
Abstract
This paper provides a narrative of the emergence of the standard textbook definition of public goods. It focuses on Richard A. Musgrave's contribution in defining public goods as nontrivial and nonexcludable-from 1937 to 1973. Although Samuelson's mathematical definition is generally used in models of public goods, the qualitative understanding of the specificity of pure public goods owes a lot to Musgrave. I argue that the evolution of Musgrave's writings on public goods reflects his intention to justify his view of the role of the state in providing goods and services to citizens with an argument that would be convincing to the community of U.S. economists in the mid-twentieth century. Musgrave's definition highlights his lifelong concern for a comprehensive, realistic, and useful normative theory of the public sector.
Keywords
Richard A. Musgrave, Paul A. Samuelson, social goods, public goods, nonrivalry, nonexclusion, free riding, Economics and Econometrics, History, Economics and Econometrics, History
Create date
02/09/2016 12:28
Last modification date
20/08/2019 16:00
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