Reference no: EM132904023

Case analysis assignment

Do you agree with main tenets of the arguments in the case

Case (attached)

The myth of public goods is based on the belief that there are special things that everybody needs, but nobody will pay for. The priests perpetuating this myth include self-interested professors who spend a lifetime informing young, bright-eyed students about the magical qualities of these special goods that can only be provided by popular people with big guns. The media reports on the provision of these special goods and services as if this violently engineered operating system was mandated from the heavens. The democratic-corporate state is therefore a necessary evil that must impose itself on society, touching the lives of all, for our own good. That's a heavy price to pay for magic beans.

Required:

Analyze this case in light of the following questions extracted from the
a) Summarize the basic tenets of the arguments in this case
b) Do you agree with main tenets of the arguments in the case? Why? Justify your answer with detailed explanations. support your answers with references
c) State and explain to Mark Davis that there are rational reasons why public goods and services cannot be priced in market mechanisms. support your answers with references

Attachment:- myth.rar