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8 years ago

Public Goods Optimization Theory Unlocks Equitable Resource Allocation for Society

The Review of Economics and Statistics
The Pure Theory of Public Expenditure
Paul A. Samuelson

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The article "The Pure Theory of Public Expenditure" by Nobel laureate Paul Samuelson lays the foundation for modern theory on public goods. It outlines the conditions for choosing the optimal level of providing public goods, now a standard topic in economics textbooks.