Walter Block on Externality, Public Goods, and Voluntary Government
Walter Block on Externality, Public Goods, and Voluntary Government

Author(s): Leonid Krasnozhon
Subject(s): National Economy, Governance, Economic policy, Transport / Logistics
Published by: Addleton Academic Publishers
Keywords: Walter Block; public goods provision; Austrian economics; libertarian philosophy; externalities; government intervention critique; voluntary solutions; free-rider problem; roads economics;
Summary/Abstract: Walter Block’s work has had a prominent influence on debates over the private provision of public services such as roads, education, or national defense. By 2023, Professor Block had more than 12,000 Google Scholar citations. He is the most cited scholar at Loyola University New Orleans. One of Professor Block’s most cited papers is the 1983 “Public Goods and Externalities: The Case of Roads” article published in the Journal of Libertarian Studies. This paper is one of the most influential works in the Austro-libertarian literature. It challenges mainstream economics for assuming that government intervention can correct market failures.

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