Review of Austrian Economics
Author:
Thomas J. DiLorenzo
Online Publish Date:
[From The Review of Austrian Economics 9 (2), 1996, pp. 43-58.] The very term “public utility” is an absurd one. Every good is useful “to the public,” and almost every good may be considered “necessary.” Any designation of a few industries as “public utilities” is completely arbitrary and unjustified. — Murray Rothbard, Power and Market Most