market failure

Blog post
August 9, 2010, 1pm PDT

In a previous blog post, my discussion of externalities, public goods and roads spurred an unexpectedly lengthy set of posts and repostes. In this article, I want to address a trickier topic: Whether road users have effectively shifted the burden for paying for roads to non-users and whether the reason we pay for roads out of general taxes is a result of that lobbying effort.

Samuel Staley