Skip to main content Skip to navigation

Activities and Outputs

Show all news items

Fool's Gold Blog Post on Paul Samuelson's Defence of Collective Consumption Goods

Paul Samuelson pioneered the mathematical models of maximisation that today form a central part of the economics of competitiveness. It is significant, then, that the pioneer himself deployed his method of difference equations to come to a conclusion that is wholly opposed to modern-day competitiveness mantra. This post brings Samuelson’s argument to a wider audience as it traces the intellectual underpinnings of contemporary competitiveness discourse. It reviews his defence of collective provision of the public goods that enhance individual welfare and his view that the funding of public goods should be protected from race-to-the-bottom dynamics.

Thu 23 Jul 2015, 15:55 | Tags: Fools' Gold, blog post, Tax Justice Network