On Jul 8, 2010, at 11:21 PM, Julio Huato wrote:
> Any (conventional) public-finance economist would say -- "Music,
> journalism, popular art, etc. are nonrivalrous and very expensive to
> exclude, hence they fit very closely the definition of 'public goods.'
> The market will fail in trying to provide them. They should be
> publicly provided."
Right. And any ideas that might be applicable to the USA we live in?
Doug