This is not answerable as there is no article attached.
They are in the era of the 1800's.
<u>Answer:</u>
Yes, it is possible to balance the pursuit of private goods over public goods and this balance is a desirable goal.
<u>Explanation:</u>
The pursuit of private goods over public goods can be balanced with the help of various government policies and taxes. This balance is a desirable goal in order to maintain the economic growth of each strata in the society. It enables the below poverty line strata to have access to the basic necessities. Though private goods provide fast economic growth, public goods offer the wholistic growth of the economy.
Adam Smith, he was the first to write on the concept of a free market economy, the basis of Capitalism.