This article defines a public good, arguing that higher education should be considered a public good. This requires moving away from an orthodox economistic understanding of public goods. It also requires understanding the relationship between higher education as both a private good and a public good to the extent that it promotes individual…

Presents a simple diagrammatic technique for conveying the idea of Ricardian equivalence or policy neutrality in the provision of public goods. Includes several diagrams illustrating basic positions regarding the relationship between voluntary public contributions and taxation. Provides a brief explanation of the illustrated concepts. (MJP)