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Paul Samuelson[0] makes the argument here[1] when discussing how lighthouse economics works that anything with zero marginal costs that has a price other than f
by ItsMonkk 4y ago
Paul Samuelson[0] makes the argument here[1] when discussing how lighthouse economics works that anything with zero marginal costs that has a price other than free is by definition an economic loss. Therefore you should find other ways to fund lighthouses, and by extension, all media and software.
[0]: https://en.wikipedia.org/wiki/Paul_Samuelson https://en.wikipedia.org/wiki/Paul_Samuelson
[1]: https://courses.cit.cornell.edu/econ335/out/lighthouse.pdf https://courses.cit.cornell.edu/econ335/out/lighthouse.pdf - page 359, first paragraph