public goods


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Related to public goods: externalities

public goods

pl n
(Economics) services such as national defence, law enforcement, and road building, that are for the benefit of, and available to, all members of the public
References in classic literature ?
Complaints are everywhere heard from our most considerate and virtuous citizens, equally the friends of public and private faith, and of public and personal liberty, that our governments are too unstable, that the public good is disregarded in the conflicts of rival parties, and that measures are too often decided, not according to the rules of justice and the rights of the minor party, but by the superior force of an interested and overbearing majority.
are questions which would be differently decided by the landed and the manufacturing classes, and probably by neither with a sole regard to justice and the public good.
It is in vain to say that enlightened statesmen will be able to adjust these clashing interests, and render them all subservient to the public good.
When a majority is included in a faction, the form of popular government, on the other hand, enables it to sacrifice to its ruling passion or interest both the public good and the rights of other citizens.
Konstantin Levin regarded his brother as a man of immense intellect and culture, as generous in the highest sense of the word, and possessed of a special faculty for working for the public good.
When the citizens at large govern for the public good, it is called a state; which is also a common name for all other governments, and these distinctions are consonant to reason; for it will not be difficult to find one person, or a very few, of very distinguished abilities, but almost impossible to meet with the majority [1279b] of a people eminent for every virtue; but if there is one common to a whole nation it is valour; for this is created and supported by numbers: for which reason in such a state the profession of arms will always have the greatest share in the government.
Happy will it be if our choice should be directed by a judicious estimate of our true interests, unperplexed and unbiased by considerations not connected with the public good.
An over-scrupulous jealousy of danger to the rights of the people, which is more commonly the fault of the head than of the heart, will be represented as mere pretense and artifice, the stale bait for popularity at the expense of the public good.
MANY ill matters and projects are undertaken; and private suits do putrefy the public good.
He has refused his Assent to Laws, the most wholesome and necessary for the public good.
Not only many of the officers of government, who obeyed the dictates of personal interest, but others, from a mistaken estimate of consequences, or the undue influence of former attachments, or whose ambition aimed at objects which did not correspond with the public good, were indefatigable in their efforts to pursuade the people to reject the advice of that patriotic Congress.
A Continental Congress assembled at Philadelphia,'' said Grandfather, "and proposed such measures as they thought most conducive to the public good.

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