Mises Institute
Mises Institute
Mises Institute
The Public Goods Circular Argument
16 minutes Posted May 27, 2026 at 4:29 pm.
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Public goods theory often assumes what it seeks to establish, namely, that the state is the indispensable precondition of production, even though the state itself depends upon prior production for every resource it possesses.
Original article: https://mises.org/mises-wire/public-goods-circular-argument