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Economics (219)
ECON 1010 (102)
Lecture 68

ECON 1010 Lecture 68: Lecture 68
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Department
Economics
Course
ECON 1010
Professor
Laura K.Brown
Semester
Spring

Description
Oc78 1. Fighting poverty o Many government programs are aimed at helping poor people 1. Advocates of antipoverty programs claim that fighting poverty is a public good 1. Even if everyone prefers living in a society without poverty, fighting poverty is not a “good” that private actions will adequately provide 1. Because of the free-rider problem, eliminating poverty through private charity will probably not work o Yet government action can solve this problem 1. Taxing the wealthy to raise the living standards of the poor can potentially make everyone better off 2. Parks 3. Streetlights Common Resources: 1. Common resources, like public goods, are non- excludable o Cannot prevent free riders from using o Little incentive for firms to provide o Role for government: see that they are provided 2. They are av
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