Economics /// WHat is the specific market – failure justification for government spending on?
I’m not so sure there is a market-failure justification for spending on any of these. Unless you can research specifically when whichever government you are talking about started to fund universities, highways, or police, then I do not think you can specifically point to market-failure as the sole cause and reason for these government funded programs. If you’re talking about the U.S., then after our independence, I think the Articles of Confederation set aside a specific middle plot of land (#15 if I am guessing correctly) for schools while the surrounding plots were assigned to citizens to live, farm, and improve. I think this was especially true for the mid-west, maybe around Ohio and Illinois. You can wikipedia it. As for highways, the U.S. saw its spurt in highways after World War II, as rationing for the war came to an end and the Baby Boom occurred. America wanted to escape the depression of war, and explore the rest of the country. I believe public demand for cars, oil, and cons
