Markets work best when government provides public goods. These are not, as the name wrongly suggests, anything purchased with public money. Instead, public goods have two salient characteristics: 1)They can be provided just as cheaply for thousands or even millions of people as they can for a single individual and 2)It's difficult or impossible to prevent people who haven't paid for such goods from enjoying their benefits. Charles Wheelan

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Added on: September 18, 2007