Public Goods and Externalities

In a free market, there are certain things that the government must provide that the marketplace cannot. These are called public goods, and they include things like schools, roads, parks, and many other things. These are the things that make up a nation's infrastructure. What should be a public good and what should not? What is the free rider problem? What are externalities, and are they good or bad? Let's dive into all of this!

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[timtarbet]

What program did you use to make this video? It looks pretty slick.

[DarkAetherPrincessPeow]

Epic transitions, you've improved so much over time and it really shows, keep it up Professor Dave!

[fredricknietzsche]

The phrase "toll bridge " comes to mind. I think a better example may be police or fire services.

[nerp]

Thank you for the economics videos. This is a subject I don't understand well, so these videos have been helpful.

[NokoPilot]

Thank you for the knowledge drops, Dave. Great series thus far.

[glennpearson]

Tell me, Professor Dave, surely you anticipated that this episode would draw arguments over what should or shouldn't be a public or private service, right? You're already being called out for not talking about "toll bridges" and being accused of making a "mistake" because you didn't claim that healthcare should be listed as a public service. Don't listen to these people, please. They didn't come here to listen and learn, they came here to argue and prosthelytize. This series on economics has been educational and entertaining. Keep up the great work and ignore the haters.

[vincenttyyy]

Thank you so much for your videos, it really helps

[MindoftheNorthStar]

Healthcare should be a public good here in America. Most of us aren't immortal or invincible so it makes sense that we all need healthcare

[TheWeirdSide]

Free loader: Viewer who watches this video and does not become his patron(patreon). This service is funded by a few individuals but also through advertisement and/or subscription to youtube(Google) itself, another private interprise and 'larger fractal' of this smaller one. But Google forced ads on creators videos not too long ago and so patreons now have less if any incentive. Now we have to pay for both fractals. Most people will choose to subscribe to YouTube to avoid ads, while unlikely to also pay individual creators. Since economics is not a hard science, it would be interesting to understand what has changed since youtube forced ads. Joe Rogan simply left youtube and went to Spotify in response(alongside other incentives like Spotify making a inticing offer).

Maybe Sir Professor Dave can make a video explaining this situation and as a bonus/incentive for himself, advertise his patreon account simultaneously amoung the lesson👌 (thank me later)

[naviv]

hey dude, you should one video about Level ( water level )
describe how tides operates, fresh water large body

[telmoandrade]

I know it’s informative so I click and listen. Keep it up!

[bizarrereservoir]

Our government has found out having a largely uneducated society creates an equally large workforce who, out of desperation, work minimum wage jobs so they don’t starve.

[TheRogueRockhound]

Well done Dave. QQ: have you discussed the Tragedy of the Commons?

[jeymon]

For an empirical guy you never explain why a service should be public, you just say "it can't be provided by the private sector" without a reasoning.
And your example of the bridge is kinda bad, you just asume the way that service is gonna be provided (an inefficient one btw) without leaving room for more eficient ways of providing that service that could emerge from hundreds if not thousends of peoples minds.
(English is second language ignore typos and grammar)

[xXThePhantom]

I'm sorry this is unrelated, but I've been wondering if energy is a physical thing or just a construct like math and haven't been able to find a solid answer

[moonkeele]

1:52 Everyone outside USA screams as the screen Hospitals! Only in USA could this be controversial

[danielcbrecht]

I love this guy, especially when he calls someone out. I loved following flat earthers and pierre after he burned them. I didn't even know about half of them. Great for laughs. Especially the flat earthers

[amatyawaghmare]

Most irritating sound at the beginning change it

[MilitaryPoliceG]

Can you make a video on DeFi? I believe the future adoption of DeFi may change what are concidered public goods.

[Minder]

There are no public goods... only public bads.