Two things I want to figure out soon: How do Austrian economists deal with 1. Public goods 2. Credit expansion Just downloaded a few PDFs on these topics.
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@patrissimo recommended me to read Mancur Olson's The Logic of Collective Action. That's one of my current main readings. I only a few pages in currently though.
FYI Olson is about public choice (why democracies consistently produce bad policies that benefit special interests, not voters), while Ostrom is about voluntary ways to solve public good problems. Very different types of "Collective Action".
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Indeed. Will give him a broader scope.
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Public goods “fail” because they have no MacGuffin.
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