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  other examples of public goods include lighthouses, radio stations, and (my personal favorite) asteroid deflection programs. At one end, you have the notion of education as a public good, where the benefits spread across society in terms of employment, economic prosperity, health and social cohesion. People can be, and have been, quite easily excluded from k-12 education up until 1975, disabled children, for instance, were commonly excluded from receiving (public) education. But clearly, the above authors (and most who say that education is a public good) do not mean public good the way economists. However, what does public good even mean? A public good, according to the economic definition, must satisfy two conditions 1. In other words, one person consuming the good will not reduce anothers ability to consume the good, and those controlling the good are unable to exclude those. Public universities still look like a good dealthe university of californias tuition, at something over 12,000 a year for in-state students, is less than a third the price of a major private. Discovery research at colleges and universities a public investment the federal government is the primary source of support for research conducted at u. You can make an argument based on externalities, but that still doesnt make a good a public good. Also, having your parents decide whether you go to school until you reach a certain age (lets say 15) is way less of the slavery option than compulsory education. A university education is a public good and not a plaything for the exchequer, writes prof des freedman letters thu 13. The survey found a link between how americans value public investment in higher education and their willingness to increase public spending on higher education. For example, about 70 percent of respondents who said they consider higher education an excellent investment of public dollars favor increased spending on four-year colleges and universities and two-year community colleges. Because theyre public universities, public ivy schools are significantly more cost-effective for in-state students than either ivy league or other top-tier private schools. In fact, the average cost for the 26 schools listed above came in at about 14,000year for in-state students thats definitely lower tuition than for any academically comparable private schools, which are closer to.

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