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From the world's first stock markets, to private policing in San Francisco, to millions of credit card transactions, Private Governance makes the case that private rules and regulations are more common and effective than most people know. Private governance works behind the scenes and helps make the modern economy possible.
Private-property anarchism, also known as anarchist libertarianism, individualist anarchism, and anarcho-capitalism, is a political philosophy and set of economic and legal arguments that maintains that, just as the markets and private institutions of civil society provide food, shelter, and other human needs, markets and contracts should provide law and that the rule of law itself can only be understood as a private institution. To the libertarian, the state and its police powers are not benign societal forces, but a system of conquest, authoritarianism, and occupation. But whereas limited government libertarians argue in favor of political constraints, anarchist libertarians argue that, to...
Does civil society depend on the state? Is cooperation behavior possible under anarchy? In the early 1970s, members of the Center for the Study of Public Choice became the first group of economists to engage in a study of these questions. This volume contains essays from this study as well as new responses from 21st century economists.
Economists have worked for centuries to present their core lessons to the general public in ways that are accurate and reflective of its true implications for our lives. Great economists, not always in the mainstream, have always known that economics is about the flourishing of human beings and the need for open societies that allow for experimentation, innovation, and the emergence of the order that only liberty can beget. In The Four Pillars of Economic Understanding, Peter J. Boettke has made a genuine contribution, building on the works of the great minds of the past to provide a new and unique presentation for the current age. This work puts every reader in the position of being Profess...
'The economic analysis of the production of legal rules has been so far spread over many legal books and articles focusing on other topics. This fascinating volume, edited by Francesco Parisi, is the first book dealing with the production of legal rules in a systemic and comprehensive way. A dream-team of scholars from both the United States and Europe use economics tools to investigate legislation, regulation, judge-made law, social norms, customary law, and international law. Legislators, regulators, judges, economists, practicing and academic lawyers should not miss reading this book.' - Ariel Porat, Tel Aviv University, Israel
Cooperation, not conflict, is emphasized in a study that casts America's frontier history as a place in which local people helped develop the legal framework that tamed the West.
In her pioneering work, The Debates of Liberty, Wendy McElroy provides a comprehensive examination of one of the most remarkable and influential political phenomena in America: the anarchist periodical Liberty and the circle of radicals who surrounded it. Liberty, which is widely considered to be the premier individualist-anarchist periodical ever issued in the English language, published such items as George Bernard Shaw's first original article to appear in the United States and the first American translated excerpts of Friedrich Nietzsche. Arguably the world's foremost expert on Liberty, Dr. McElroy exposes the reader to the controversy etched in each debate, ranging from radical civil liberties to economic theory, and from children's rights to the basis of rent and interest. While addressing the facts, Dr. McElroy also conveys and captures the individualistic personalities that emerged: Lysander Spooner, Auberon Herbert, Joshua K. Ingalls, John Henry Mackay, Victor Yarros, and Wordsworth Donisthorpe are only a partial listing.
This book compares and contrasts historical and contemporary Canadian and U.S. Native American policy. The contributors include economists, political scientists, and lawyers, who, despite analyzing a number of different groups in several eras, consistently take a political economy approach to the issues. Using this framework, the authors examine the evolution of property rights, from wildlife in pre-Columbian times and the potential for using property rights to resolve contemporary fish and wildlife issues, to the importance of customs and culture to resource use decisions; the competition from states for Native American casino revenues; and the impact of sovereignty on economic development....
"A compilation of many ... shorter writings ... of his twin loves, libertarian political philosophy and Austrian economics."--Page 4 of cover.
The economic analysis of legal and regulatory issues need not be limited to the neoclassical economic approach. The expert contributors to this work employ a variety of heterodox legal-economic theories to address a broad range of legal issues. They demonstrate how these various approaches can lead to very different conclusions concerning the role of the law and legal intervention in a wide array of contexts. The schools of thought and methodologies represented here include institutional economics, new institutional economics, socio-economics, social economics, behavioral economics, game theory, feminist economics, Rawlsian economics, radical economics, Austrian economics, and personalist ec...