Year: 1998
Author: Tietzel, Manfred, Müller, Christian
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 118 (1998), Iss. 1 : pp. 87–127
Abstract
"Merit goods", since the notion came into being in 1957, have persistently remained thorns in the neoclassical economist's flesh. In the paper we first try to specify the very notion of a "merit good" and to identify the welfare effects connected with their provision. We then proceed to analyze the arguments usually put forward to justify their public provision. The analysis presumes acceptance of normative individualism and predominantly assumes a constitutional perspective. We come to the following conclusions: (1) what is defensible in the theory of merit goods is not novel and covered more convincingly by other theories; (2) what is novel in the theory of merit goods is indefensible from an individualistic point of view.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.118.1.87
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 118 (1998), Iss. 1 : pp. 87–127
Published online: 1998-01
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 41
Author Details
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