Private Goods Quotes

Democracy, at its best, enables citizens to debate collectively how the slices of the pie should be divided and to determine which rules apply to private goods and which to public goods.

Yet all the poor commonly lay the blame on the Evil Government, excusing their own sloth, and luxury, as if their private goods forsooth were wasted by public exactions.

Private property is a necessary institution, at least in a fallen world; men work more and dispute less when goods are private than when they are in common.

If I buy a car, I use the car, you don't, and the market for cars works pretty well. But there are many other sorts of goods, often very important goods, which are not provided well through the market. Often, these go under the heading of public goods.

Markets work well with goods that economists call private goods.

The men who administer public affairs must first of all see that everyone holds onto what is his, and that private men are never deprived of their goods by public men.

If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.

In a community where public services have failed to keep abreast of private consumption things are very different. Here, in an atmosphere of private opulence and public squalor, the private goods have full sway.