6
Consider, for instance, the following quote from Paul Samuelson:
Take our
earlier case of a lighthouse to warn against rocks. Its beam helps everyone
in sight. A businessman
could not build it for profit, since he cannot
claim a price from each user. This certainly is the kind of activity that
governments would naturally undertake.
Taken from Paul Samuelson (1964),
Economics: An Introductory Analysis, 6th ed. New York: McGraw--Hill, p.
159.
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