In the News
Public goods in action - Venice uses a new flood barrier system
6th October 2020
Flood defence projects don't come much more ambitious than the Mose flood barriers erected to protect the people and businesses of Venice.
They are now in use after installation and this World Economic Forum article considers their importance to a tourist hotspot at increasing risk from rising seas in the Adriatic.
Consider the main characteristics of a public good and think about the extent to which flood defence meets these requirements.
'Lots of bad things have happened here, but now something wonderful has happened.'
— World Economic Forum (@wef) October 6, 2020
📕 Read more: https://t.co/In02PYCWU6 pic.twitter.com/6Lc1pl504C
A* Evaluation: Public Goods and Market Failure
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
You might also like
Open Data - Britain leads the world
23rd July 2014
Flood defences and the Public Goods debate
7th January 2014
Flood Defence for Venice - a Public Good?
4th January 2013
Economics of Market Failure Revision Quiz
Quizzes & Activities
Public Goods and Market Failure
Study Notes
Public goods and economic development
24th December 2014
Public Goods (Revision Presentation)
Teaching PowerPoints
Public Goods - Flood defence vital for farming
21st March 2015