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Some Theoretical Aspects of Merit Goods and Tutelage

In: Planning and Market Relations

Author

Listed:
  • Jean Bénard

    (University of Paris)

Abstract

What is commonly called the ‘social sector of the economy’ does not, as the adjective suggests, cover the whole of the economy, but only a tertiary and often non-market sector comprising an apparently heterogeneous assortment of things like education, culture, health, low-cost housing, assistance to large families, children and old people, etc. But the assortment may be less heterogeneous than it seems, for ultimately all these items concern the creation and upkeep of major components of human capital.

Suggested Citation

  • Jean Bénard, 1971. "Some Theoretical Aspects of Merit Goods and Tutelage," International Economic Association Series, in: Michael Kaser & Richard Portes (ed.), Planning and Market Relations, chapter 12, pages 225-248, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-15410-4_20
    DOI: 10.1007/978-1-349-15410-4_20
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