Tier 3 · AdvancedFree
Political Philosophy and Markets
Power and Price
8 modules~64 min totalVerifiable certificate on completion
Syllabus
01Public Goods and the Free-Rider ProblemMath
11 min02Externalities and Pigouvian TaxesMath
11 min03Measuring Inequality: the Gini CoefficientMath
11 min04The Property Line
6 min05The Free Rider
6 min06The Veil of Ignorance
7 min07Captured
6 min08The Growth Experiment
6 minFrom Module 1 — read a sample
For a public good, the optimal quantity is where the SUM of everyone's marginal benefit equals the marginal cost. Unlike private goods, one person's benefit doesn't come at another's expense — every unit benefits everyone simultaneously, so you add up all the individual values before comparing to cost.
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