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dc.contributor.authorKhoo, Su-Ming
dc.date.accessioned2014-08-01T13:14:34Z
dc.date.available2014-08-01T13:14:34Z
dc.date.issued2014
dc.identifier.citationKhoo, S. (2014) 'Public goods: from market efficiency to democratic effectiveness ' In: Robertson, Andrew(Eds.). Commonwealth Governance Handbook 2013/14. London : Commonwealth Secretariat.en_US
dc.identifier.isbnISBN-13: 978-1908609090
dc.identifier.urihttp://www.commonwealthgovernance.org/assets/uploads/2013/11/2-Public-goods.pdf
dc.identifier.urihttp://hdl.handle.net/10379/4467
dc.description.abstractThis contribution examines the concept of public goods,responding to calls to rethink public goods given a changedcontext (Desai, 2003: 73) and widening global scope (Kaulet al, 2003; Kaul, 2006). The first section explores publicgoods as a concept framed in terms of economic efficiency and market failure . The next section notes atransition from market-failure to state-failure theory, leavingpublic goods at an impasse. The discussion comparesdiffering perspectives and assumptions about the role andcharacter of individual and collective action, public serviceand government. It examines the contention that efficientmarkets may not do (Bator, 1958; Bozeman, 2002),contrasting mainstream economics concerns with marketfailure with alternative ideas of public-value failure (Bozeman, 2002; Haglund, 2010) and obnoxious markets (Kanbur, 2001). The following section identifies alternativeeconomic traditions and looks to a new conceptualisationof public goods. Adapting global public goods theory, a new public goods approach represents a departure fromconventional economics. It supplements the ideas of analternative, or other , economic canon with democraticconcerns and questions of public value . The conclusionconsiders proposals for public goods based on this newapproach and some policy implications that might follow.en_US
dc.formatapplication/MSWorden_US
dc.language.isoenen_US
dc.publisherCommonwealth Secretariaten_US
dc.relation.ispartofCommonwealth Governance Handbook 2013/14en
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Ireland
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/3.0/ie/
dc.subjectPublic goodsen_US
dc.subjectGovernanceen_US
dc.subjectNew public goodsen_US
dc.titlePublic goods: from market efficiency to democratic effectivenessen_US
dc.date.updated2014-06-23T14:56:40Z
dc.local.publishedsourcehttp://www.commonwealthgovernance.org/assets/uploads/2013/11/2-Public-goods.pdfen_US
dc.description.peer-reviewedPeer reviewed
dc.internal.rssid6557455
dc.local.contactSu-Ming Khoo, Dept. Of Pol. Science & Soc., Room 206, Block T, Distillery Road, Galway. 3643 Email: suming.khoo@nuigalway.ie
dc.local.copyrightcheckedYes
dc.local.versionACCEPTED
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Attribution-NonCommercial-NoDerivs 3.0 Ireland
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Ireland