Abstract
This paper sets out a positive conception of voluntary action as a unified type of economic activity, grounded in human group expe rience and based in autonomous, self-defining and self-regulating communities of nonmarket actors with shared mutual interests in identified common goods. Such common goods include many types of social services; community action; religious, scientific, and artistic endeavors; amateur athletics; and a broad range of other nonprofit activities. Key implications of the common goods approach, also known as endowment theory, include rejection of efficiency, maxi mization, Pareto-optimality, and other economic criteria as necessary and sufficient standards for evaluating rational choice and rational organization in the Commons, and substitution of more appropriate rational standards.
Subject
Social Sciences (miscellaneous)
Reference31 articles.
1. Austin, David M. (1981). The Political Economy of Social Benefit Organizations: Redistributive Services and Merit Goods. In Herman D. Stein (ed.), Organization and the Human Services (pp. 37-88). Philadelphia: Temple University Press.
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