About this episode
The episode discusses the circular argument in public goods theory regarding the state's role in production.
Public goods theory often assumes what it seeks to establish, namely, that the state is the indispensable precondition of production, even though the state itself depends upon prior production for every resource it possesses. Original article: https://mises.org/mises-wire/public-goods-circular-argument
Topics covered
- public goods
- state theory
- production
- economic theory
- political philosophy
Keywords
- public goods
- state
- production
- economic theory
- circular argument
Mentioned in this episode
Organizations: Mises Institute
Books & works: The Public Goods Circular Argument, public goods theory, state
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