Acton Institute Powerblog

Public goods and asteroid defense

Share this article:
Join the Discussion:

Note: This is post #60 in a weekly video series on basic microeconomics.

While the probability of an asteroid hitting the planet is very low, its effect would be disastrous for all of us. Who then should pay for asteroid protection? As Alex Tabarrok of Marginal Revolution University explains, public goods like asteroid defense have some unusual properties that challenge markets.

(If you find the pace of the videos too slow, I’d recommend watching them at 1.5 to 2 times the speed. You can adjust the speed at which the video plays by clicking on “Settings” (the gear symbol) and changing “Speed” from normal to 1.25, 1.5 or 2.)

Previous in series: Do unions raise wages?

Joe Carter Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).

Comments