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Societies for the History of Economics

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From:
[log in to unmask] (Sam Bostaph)
Date:
Fri Mar 31 17:18:27 2006
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----------------- HES POSTING ----------------- 
 
 
It can be argued that "food" is not a pure private good.  Just ask my 
morning-sick wife how she reacts when she sees anyone else eating. 
 
Samuelson is wrong.  You cannot objectively define anything as a pure 
private good.  That's why the property rights approach is the only 
theoretical and practical one for resolving third-party effect issues. 
 
Sam Bostaph 
 
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