Good - Revision history

Pesterbot: /* Links */External Links to Links, replaced: ==External links== → ==Links==

2011-06-21T18:46:34Z

Links: External Links to Links, replaced: ==External links== → ==Links==

← Older revision		Revision as of 18:46, 21 June 2011
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	{{Reflist}}		{{Reflist}}

	==~~External links~~==		==Links==
	* [[Wikipedia:Good (economics)\|Good]] on Wikipedia		* [[Wikipedia:Good (economics)\|Good]] on Wikipedia
	* [http://mises.org/daily/4630 Goods, Scarce and Nonscarce] by Jeffrey A. Tucker and Stephan Kinsella, August 2010		* [http://mises.org/daily/4630 Goods, Scarce and Nonscarce] by Jeffrey A. Tucker and Stephan Kinsella, August 2010
	[[Category:Economic concepts]]		[[Category:Economic concepts]]
	[[Category:Economic concepts]]		[[Category:Economic concepts]]

Pestergaines: +link

2011-02-06T21:38:08Z

+link

← Older revision		Revision as of 21:38, 6 February 2011
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	==Consumer and producer goods==		==Consumer and producer goods==
	Goods may be classified in either of two categories: (a) they can immediately and directly satisfy human wants, or (b) they may be transformed into directly serviceable goods only at some point in the future - i.e., they can satisfy human wants indirectly. The former are called ''consumption goods'' or ''[[Consumer goods\|consumers’ goods]]'' or ''goods of the first order''. The latter are called ''producers’ goods'' or ''factors of production'' or ''goods of a higher order''.<ref name="Goods">Ludwig von Mises. [http://mises.org/humanaction/chap4sec1.asp "1. Ends and Means"], ''Chapter IV. A First Analysis of the Category of Action'', [[Wikipedia:Human Action\|Human Action]], referenced 2009-04-27.</ref><ref name="Rothbard_Means" />		Goods may be classified in either of two categories: (a) they can immediately and directly satisfy human wants, or (b) they may be transformed into directly serviceable goods only at some point in the future - i.e., they can satisfy human wants indirectly. The former are called ''consumption goods'' or ''[[Consumer goods\|consumers’ goods]]'' or ''goods of the first order''. The latter are called ''producers’ goods'' or ''factors of production'' or ''[[Goods and services of the higher orders\|goods of a higher order]]''.<ref name="Goods">Ludwig von Mises. [http://mises.org/humanaction/chap4sec1.asp "1. Ends and Means"], ''Chapter IV. A First Analysis of the Category of Action'', [[Wikipedia:Human Action\|Human Action]], referenced 2009-04-27.</ref><ref name="Rothbard_Means" />

	A producers' good may be, by the cooperation of complementary producers' goods, transformed into a ''product''. This product may be a consumers' good; it may be a producers' good which when combined with other producers' goods will finally bring about a consumers' good.		A producers' good may be, by the cooperation of complementary producers' goods, transformed into a ''product''. This product may be a consumers' good; it may be a producers' good which when combined with other producers' goods will finally bring about a consumers' good.

Pestergaines: +link

2011-02-06T21:36:53Z

+link

← Older revision		Revision as of 21:36, 6 February 2011
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	==Consumer and producer goods==		==Consumer and producer goods==
	Goods may be classified in either of two categories: (a) they can immediately and directly satisfy human wants, or (b) they may be transformed into directly serviceable goods only at some point in the future - i.e., they can satisfy human wants indirectly. The former are called ''consumption goods'' or ''consumers’ goods'' or ''goods of the first order''. The latter are called ''producers’ goods'' or ''factors of production'' or ''goods of a higher order''.<ref name="Goods">Ludwig von Mises. [http://mises.org/humanaction/chap4sec1.asp "1. Ends and Means"], ''Chapter IV. A First Analysis of the Category of Action'', [[Wikipedia:Human Action\|Human Action]], referenced 2009-04-27.</ref><ref name="Rothbard_Means" />		Goods may be classified in either of two categories: (a) they can immediately and directly satisfy human wants, or (b) they may be transformed into directly serviceable goods only at some point in the future - i.e., they can satisfy human wants indirectly. The former are called ''consumption goods'' or ''[[Consumer goods\|consumers’ goods]]'' or ''goods of the first order''. The latter are called ''producers’ goods'' or ''factors of production'' or ''goods of a higher order''.<ref name="Goods">Ludwig von Mises. [http://mises.org/humanaction/chap4sec1.asp "1. Ends and Means"], ''Chapter IV. A First Analysis of the Category of Action'', [[Wikipedia:Human Action\|Human Action]], referenced 2009-04-27.</ref><ref name="Rothbard_Means" />

	A producers' good may be, by the cooperation of complementary producers' goods, transformed into a ''product''. This product may be a consumers' good; it may be a producers' good which when combined with other producers' goods will finally bring about a consumers' good.		A producers' good may be, by the cooperation of complementary producers' goods, transformed into a ''product''. This product may be a consumers' good; it may be a producers' good which when combined with other producers' goods will finally bring about a consumers' good.

Forgottenman: /* External links */Category:Economical Concepts --> Category:Economic concepts using AWB

2010-11-09T18:01:21Z

External links: Category:Economical Concepts --> Category:Economic concepts using AWB

← Older revision		Revision as of 18:01, 9 November 2010
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	* [[Wikipedia:Good (economics)\|Good]] on Wikipedia		* [[Wikipedia:Good (economics)\|Good]] on Wikipedia
	* [http://mises.org/daily/4630 Goods, Scarce and Nonscarce] by Jeffrey A. Tucker and Stephan Kinsella, August 2010		* [http://mises.org/daily/4630 Goods, Scarce and Nonscarce] by Jeffrey A. Tucker and Stephan Kinsella, August 2010
	[[Category:~~Economical Concepts~~]]		[[Category:Economic concepts]]
	[[Category:~~Economical Concepts~~]]		[[Category:Economic concepts]]

Pestergaines: 28 revisions: Importing pages from Autrian Economics Wiki.

2010-11-06T08:37:38Z

28 revisions: Importing pages from Autrian Economics Wiki.

← Older revision		Revision as of 08:37, 6 November 2010
(No difference)

Pestergaines: Resource added.

2010-08-30T15:01:16Z

Resource added.

← Older revision		Revision as of 15:01, 30 August 2010
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	==External links==		==External links==
	* [[Wikipedia:Good (economics)\|Good]] on Wikipedia		* [[Wikipedia:Good (economics)\|Good]] on Wikipedia
			* [http://mises.org/daily/4630 Goods, Scarce and Nonscarce] by Jeffrey A. Tucker and Stephan Kinsella, August 2010
	[[Category:Economical Concepts]]		[[Category:Economical Concepts]]
	[[Category:Economical Concepts]]		[[Category:Economical Concepts]]

Pestergaines: More on services!

2010-06-22T20:51:04Z

Pestergaines: /* Services */ Formatting change.

2010-06-22T20:32:32Z

Services: Formatting change.

← Older revision		Revision as of 20:32, 22 June 2010
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	==Services==		==Services==
	Goods are often divided into goods in the narrower sense - ''physical goods'' - and ''[[Wikipedia:Service (economics)\|services]]'', that are in turn intangible. In practice, the distinction is not so clear and many, if not most goods fall somewhere between the two.{{Fact\|Darn, where did this come exactly from? It is more than feasible, but requires a reference.}}		Goods are often divided into ''goods'' in the narrower sense - '''''physical goods''''' - and '''''[[Wikipedia:Service (economics)\|services]]''''', that are in turn intangible. In practice, the distinction is not so clear and many, if not most goods fall somewhere between the two.{{Fact\|Darn, where did this come exactly from? It is more than feasible, but requires a reference.}}

	==References==		==References==

Pestergaines: /* Services */ Added citation needed tag.

2010-01-10T11:22:59Z

Services: Added citation needed tag.

← Older revision		Revision as of 11:22, 10 January 2010
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	==Services==		==Services==
	Goods are often divided into goods in the narrower sense - ''physical goods'' - and ''[[Wikipedia:Service (economics)\|services]]'', that are in turn intangible. In practice, the distinction is not so clear and many, if not most goods fall somewhere between the two.		Goods are often divided into goods in the narrower sense - ''physical goods'' - and ''[[Wikipedia:Service (economics)\|services]]'', that are in turn intangible. In practice, the distinction is not so clear and many, if not most goods fall somewhere between the two.{{Fact\|Darn, where did this come exactly from? It is more than feasible, but requires a reference.}}

	==References==		==References==

Pestergaines: Carved out the Public Goods.

2009-11-02T20:02:00Z

Carved out the Public Goods.

← Older revision		Revision as of 20:02, 2 November 2009
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	==Public Goods==		==Public Goods==
	~~Public~~ goods ~~are reported to have two distinct aspects: "'''nonexcludability'''" means~~ that it is hard to exclude people of consumption of a good (the "free rider problem"); everyone will try to "free ride" by allowing others to pay for it and as a result the good will be unproduced, even if there is a strong demand for it. The second characteristic (considered by some ~~less important) is "'''nonrivalrous consumption'''", when the good can be consumed without diminishing anyone else's enjoyment of it or increasing its cost. Because these~~ goods ~~will not~~ be produced in a sufficient amount, or at all, they should be produced by the government.		The public goods theory claims, that some goods cannot be produced in a sufficient amount, or at all, and therefore they should be produced by the government. One typical example is ''national defense''. "To the extent one person in a geographic area is defended from foreign attack or invasion, other people in that same area are likely defended also. This makes it hard to charge people for defense, which means that defense faces the classic free-rider problem. Indeed, almost all economists are convinced that the only way to provide a sufficient level of defense is to have government do it and fund defense with taxes."<ref name="Cowen_public">Tyler Cowen. [http://www.econlib.org/library/Enc/PublicGoods.html "Public Goods"], [[Wikipedia:Concise Encyclopedia of Economics\|The Concise Encyclopedia of Economics]], referenced 2009-05-22.</ref>

	~~There are numerous examples of public goods of varying acceptance, possibly the most widespread~~ is '''national defense'''. To the extent one person in a geographic area is defended from foreign attack or invasion, other people in that same area are likely defended also. This makes it hard to charge people for defense, which means that defense faces the classic free-rider problem. Indeed, almost all economists are convinced that the only way to provide a sufficient level of defense is to have government do it and fund defense with taxes.<ref name="Cowen_public">Tyler Cowen. [http://www.econlib.org/library/Enc/PublicGoods.html "Public Goods"], [[Wikipedia:Concise Encyclopedia of Economics\|The Concise Encyclopedia of Economics]], referenced 2009-05-22.</ref>

	There are several arguments against the '''public goods theory''':		There are several arguments against the '''public goods theory''':
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	* many of the goods government actually does produce do not correspond to the economist's definition of public goods, so the theory poorly explains the government's actual role in the economy<ref name="Holcombe_public">Randall G. Holcombe. [http://mises.org/journals/rae/pdf/RAE10_1_1.pdf "A Theory of the Theory of Public Goods"], Review of Austrian Economics 10, No. 1 (1997), ''[[Mises Institute]]'', referenced 2009-05-22.</ref>		* many of the goods government actually does produce do not correspond to the economist's definition of public goods, so the theory poorly explains the government's actual role in the economy<ref name="Holcombe_public">Randall G. Holcombe. [http://mises.org/journals/rae/pdf/RAE10_1_1.pdf "A Theory of the Theory of Public Goods"], Review of Austrian Economics 10, No. 1 (1997), ''[[Mises Institute]]'', referenced 2009-05-22.</ref>

	~~See also:~~		{{Main\|Public goods}}
	* [[For and against public goods]]
	* [http://mises.org/journals/rae/pdf/RAE10_1_1.pdf A Theory of the Theory of Public Goods], Randall G. Holcombe.
	* [http://mises.org/journals/jls/9_1/9_1_2.pdf Fallacies of the Public Goods Theory and the Production of Security] by Hans-Hermann Hoppe
	* the Wikipedia page on [[Wikipedia:Public good\|public good theory]]
	* the [http://www.econlib.org/library/Enc/PublicGoods.html Econlib] page on the same

	==Services==		==Services==
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	==References==		==References==
	{{Reflist}}		{{Reflist}}

			==External links==
			* [[Wikipedia:Good (economics)\|Good]] on Wikipedia
	[[Category:Economical Concepts]]		[[Category:Economical Concepts]]
	[[Category:Economical Concepts]]		[[Category:Economical Concepts]]

← Older revision		Revision as of 20:51, 22 June 2010
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	==Services==		==Services==
	Goods are often divided into ''goods'' in the narrower sense - ~~'''~~''physical goods~~'''~~'' - and ~~'''~~''[[Wikipedia:Service (economics)\|services]]~~'''~~'', that are in turn intangible. In practice, the distinction is not so clear and many, if not most goods fall somewhere between the two.{{Fact\|Darn, where did this come exactly from? It is more than feasible, but requires a reference.}}		Goods are often divided into ''goods'' in the narrower sense - ''physical goods'' - and ''[[Wikipedia:Service (economics)\|services]]'', that are in turn intangible.<ref name="Mises_Means" /> In practice, the distinction is not so clear and many, if not most goods fall somewhere between the two.{{Fact\|Darn, where did this come exactly from? It is more than feasible, but requires a reference.}}

			In another interpretation, the function of a consumers’ good is called its '''service''' in ministering to human wants. So for example, the material bread is valued not for itself, but for its service in satisfying wants; just as an immaterial thing, such as music or medical care, is obviously valued for such service. All these services are "consumed" to satisfy wants. "Economic" is by no means equivalent to "material." The end of the production process — the consumers’ good — is valued because it is a direct means of satisfying man’s ends. The consumers’ good is consumed, and this act of consumption constitutes the satisfying of human wants. This consumers’ good may be a material object like bread or an immaterial one like friendship.<ref name="Rothbard_Services">[[Murray N. Rothbard]]. [http://mises.org/rothbard/mes/chap1b.asp "Chapter 1—Fundamentals of Human Action"], [[Man, Economy and State]], online edition, referenced 2010-06-22.</ref>

	==References==		==References==