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What are public goods and how do they link people in a society?
by Zoë Hitzig
About this EXP
Zoë Hitzig, PhD candidate at Harvard, addresses the role public goods play in society.
Zoë Hitzig →
Key point 1
When everyone acts in their own self-interest, resources owned by everyone become useful to no one.
Key point 2
Public goods are necessary linking features in society and can’t be provided by profitable ventures or enterprises.
Key point 3
The current system of funding and allocating public goods is rigid and not necessarily designed with the needs of ordinary people in mind.
Other EXPs by Zoë Hitzig
How economists can help change inequalities in public policy
The market dilemma and how people understand their role in society