Public goods: from market efficiency to democratic effectiveness
Public goods: from market efficiency to democratic effectiveness
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公共物品:从市场效率到民主有效性
DOI:
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发表时间:
2014
期刊:
影响因子:
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通讯作者:
S. Khoo
中科院分区:
文献类型:
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作者:
S. Khoo
This contribution examines the concept of public goods, responding to calls to rethink public goods given a changed context (Desai, 2003: 73) and widening global scope (Kaul et al, 2003; Kaul, 2006). The first section explores public goods as a concept framed in terms of economic ‘efficiency’ and ‘market failure’. The next section notes a transition from market-failure to state-failure theory, leaving public goods at an impasse. The discussion compares differing perspectives and assumptions about the role and character of individual and collective action, public service and government. It examines the contention that ‘efficient markets may not do’ (Bator, 1958; Bozeman, 2002), contrasting mainstream economics concerns with ‘market failure’ with alternative ideas of ‘public-value failure’ (Bozeman, 2002; Haglund, 2010) and ‘obnoxious markets’ (Kanbur, 2001). The following section identifies alternative economic traditions and looks to a new conceptualisation of public goods. Adapting global public goods theory, a ‘new public goods’ approach represents a departure from conventional economics. It supplements the ideas of an alternative, or ‘other’, economic canon with democratic concerns and questions of ‘public value’. The conclusion considers proposals for public goods based on this new approach and some policy implications that might follow.