How the costs of children should be borne

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Nancy Folbre argues that children are closer to being public goods than they are to being pure private goods. What are the major elements of this argument? Do you find the argument persuasive? Explain your answer. If the Folbre public goods argument is correct, what are the efficiency implications for how the costs of children should be borne and for appropriate public policy?

Reference no: EM13209222

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