Voluntary Provision of a So-called Public Good

For the past few days, several men and a fair-sized tractor front-end loader have been working on the beach road where I live north of Xcalak. None too soon, either, as the potholes have become immense in the past year or so since the last repairs. A gringo neighbor down the road organized this work, hired the men, and arranged for the equipment and several dozen truckloads of fill soil. So what, you are probably thinking.

 

However, you have just read a first-hand report of something regarded as almost impossible in neoclassical welfare economics. We’re talking about muh roads here, amigos—you

Read more at The Independent Institute