Erik Lindahl

The transfer of Lindahl's concepts to the anglophone world was accomplished by two of his most ardent supporters, John Hicks (1939, 1965) and Friedrich Hayek (1941).

Lindahl's 1919 solution to the pricing of public goods is another noticeable achievement, brought into modern economics by Duncan Foley (1970).

In other words, they pay according to the amount of satisfaction or utility they derive from the consumption of an additional unit of the public good.

Erik Lindahl was deeply influenced in this by Knut Wicksell and proposed a method for financing public goods in order to show that consensus politics is possible.

Leif Johansen gave the complete interpretation of the concept of "Lindahl equilibrium", which assumes that household consumption decisions are based on the share of the cost they must provide for the supply of the particular public good.