Episode
The Public Goods Circular Argument
- Podcast
- Audio Mises Wire
- Published
- May 27, 2026
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Summary
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