Season 1 · Episode 33
Can you have a free market for public goods?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
April 3, 201725m 48s
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Show Notes
It seems there’s a relentless desire to try and apply free market principles to public goods, like health, education, defence and research. Even though they usually operate in a monopolistic environment, bureaucrats are always finding ways to apply measures – fiscal or performance based – that distort the way these goods operate. So, in this podcast Phil Dobbie asks Prof Steve Keen if there are occasions when marketized principles can be applied to public goods, in the interests of improving performance.
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