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The Machinery Of Freedom
''The Machinery of Freedom'' is a nonfiction book by David D. Friedman that advocates an anarcho-capitalist society from a consequentialist perspective. The book was published in 1973, with a second edition in 1989 and a third edition in 2014. Overview The book aims to show that law and its enforcement do not require a state, but can be sustained by non-coercive private enterprise and charity. It explores the consequences of libertarian thought, describes examples of stateless societies (such as the Icelandic Commonwealth) and offers the author's personal statement about why he became a libertarian. Topics addressed in the book include polycentric law and the provision of public goods such as military defense in a stateless society. Friedman argues that a stateless legal system would be beneficial for society as a whole, including the poor. While some books supporting similar libertarian and anarcho-capitalist views offer support in terms of morality or natural rights, Fried ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David D
David (; , "beloved one") (traditional spelling), , ''Dāwūd''; grc-koi, Δαυΐδ, Dauíd; la, Davidus, David; gez , ዳዊት, ''Dawit''; xcl, Դաւիթ, ''Dawitʿ''; cu, Давíдъ, ''Davidŭ''; possibly meaning "beloved one". was, according to the Hebrew Bible, the third king of the United Kingdom of Israel. In the Books of Samuel, he is described as a young shepherd and harpist who gains fame by slaying Goliath, a champion of the Philistines, in southern Canaan. David becomes a favourite of Saul, the first king of Israel; he also forges a notably close friendship with Jonathan, a son of Saul. However, under the paranoia that David is seeking to usurp the throne, Saul attempts to kill David, forcing the latter to go into hiding and effectively operate as a fugitive for several years. After Saul and Jonathan are both killed in battle against the Philistines, a 30-year-old David is anointed king over all of Israel and Judah. Following his rise to power, David ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Huemer
Michael Huemer (; born 27 December 1969) is a professor of philosophy at the University of Colorado, Boulder. He has defended ethical intuitionism, direct realism, libertarianism, veganism, and philosophical anarchism. Education and career Huemer graduated from the University of California, Berkeley and earned his Ph.D. at Rutgers University in 1998 under the supervision of Peter D. Klein. Philosophical work Huemer's book ''Ethical Intuitionism'' (2005) was reviewed in ''Notre Dame Philosophical Reviews'', ''Philosophy and Phenomenological Research'' and ''Mind.'' Huemer is the author of ''The Problem of Political Authority'' (2013) which argues that the modern arguments for political authority fail and that society can function properly without state coercion. In a review, philosopher Aeon J. Skoble stated that Huemer "joins the ranks of twenty-first-century philosophical defenders of an anarchist position that is rooted in a conception of the efficacy of voluntary and comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
X-inefficiency
X-inefficiency is the divergence of a firm’s observed behavior in practice, influenced by a lack of competitive pressure, from efficient behavior assumed or implied by economic theory. The concept of X-inefficiency was introduced by Harvey Leibenstein. X-Inefficiency is introduced in 1966 by the professor of Harvard University, Harvey Leibenstein's publication in the ''American Economic Review,'' named "Allocative efficiency vs. X efficiency". X-Inefficiency refer to the firm's production that fails to make full use of its resources, resulting reaches to the maximum possible level of output given the existing resources and environment, namely the efficiency frontier. X-inefficiency pin out irrational actions performed by firms in the market. Overview The difference between the actual and minimum cost of production for a given output produces X-inefficiency. Companies will incur X-Inefficiency as a result of lack of motivation to control its costs, which brings the average cost ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Choice
In public choice theory, tax choice (sometimes called taxpayer sovereignty, earmarking, or fiscal subsidiarity) is the belief that individual taxpayers should have direct control over how their taxes are spent. Its proponents apply the theory of consumer choice to public finance. They claim taxpayers react positively when they are allowed to allocate portions of their taxes to specific spending. Tax relationship between the state and taxpayers The term tax sovereignty emphasizes the perceived equal status of state and taxpayer, instead of the traditional view of the dominant position of the state in taxation. Tracing back to the legitimacy of the state, Viktoria Raritska points out that “the legitimacy of the state as a formal institution is substantiated by the people’s refusal of their freedoms and an agreement to submit to government in exchange for the protection of their guaranteed rights”. Proponents of tax sovereignty believe that in a traditional system of taxatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Milton Friedman
Milton Friedman (; July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. With George Stigler and others, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago that rejected Keynesianism in favor of monetarism until the mid-1970s, when it turned to new classical macroeconomics heavily based on the concept of rational expectations. Several students, young professors and academics who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Gary Becker, Robert Fogel, Thomas Sowell and Robert Lucas Jr. Friedman's challenges to what he called "naive Keynesian theory" began with his interpretation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Success
Government failure, in the context of public economics, is an economic inefficiency caused by a government intervention, if the inefficiency would not exist in a true free market. The costs of the government intervention are greater than the benefits provided. It can be viewed in contrast to a market failure, which is an economic inefficiency that results from the free market itself, and can potentially be corrected through government regulation. However, Government failure often arises from an attempt to solve market failure. The idea of government failure is associated with the policy argument that, even if particular markets may not meet the standard conditions of perfect competition required to ensure social optimality, government intervention may make matters worse rather than better. As with a market failure, government failure is not a failure to bring a particular or favoured solution into existence but is rather a problem that prevents an efficient outcome. The problem to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dispersed Knowledge
Dispersed knowledge in economics is the notion that no single agent has information as to all of the factors which influence prices and production throughout the system. The term has been both expanded upon and popularized by American economist Thomas Sowell. Overview Each agent in a market for assets, goods, or services possesses incomplete knowledge as to most of the factors which affect prices in that market. For example, no agent has full information as to other agents' budgets, preferences, resources or technologies, not to mention their plans for the future and numerous other factors which affect prices in those markets. Market prices are the result of price discovery, in which each agent participating in the market makes use of its current knowledge and plans to decide on the prices and quantities at which it chooses to transact. The resulting prices and quantities of transactions may be said to reflect the current state of knowledge of the agents currently in the market, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bruce L
The English language name Bruce arrived in Scotland with the Normans, from the place name Brix, Manche in Normandy, France, meaning "the willowlands". Initially promulgated via the descendants of king Robert the Bruce (1274−1329), it has been a Scottish surname since medieval times; it is now a common given name. The variant ''Lebrix'' and ''Le Brix'' are French variations of the surname. Actors * Bruce Bennett (1906–2007), American actor and athlete * Bruce Boxleitner (born 1950), American actor * Bruce Campbell (born 1958), American actor, director, writer, producer and author * Bruce Davison (born 1946), American actor and director * Bruce Dern (born 1936), American actor * Bruce Gray (1936–2017), American-Canadian actor * Bruce Greenwood (born 1956), Canadian actor and musician * Bruce Herbelin-Earle (born 1998), English-French actor and model * Bruce Jones (born 1953), English actor * Bruce Kirby (1925–2021), American actor * Bruce Lee (1940–1973), martial art ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Enterprise Of Law
Bruce L. Benson (born March 18, 1949) is an American academic economist who is recognized as an authority on law and economics and a major exponent of anarcho-capitalist legal theory. He is chair of the department of economics, DeVoe L. Moore Professor, distinguished research professor and courtesy professor of law at Florida State University and the recipient of the 2006 Adam Smith Award, the highest honor bestowed by the Association of Private Enterprise Education. He is a senior fellow at the Independent Institute and has recently been a Fulbright Senior Specialist in the Czech Republic, visiting professor at the university de Paris Pantheonon Assas, a Property-and-Environment-Research-Center Julian Simon Fellow, and visiting research fellow at the American Institute for Economic Research. Education Benson received his Ph.D. from Texas A&M University in 1978. Publications Benson is the author of four books, co-editor of another, author of over 125 peer-reviewed academic artic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Market For Liberty
''The Market for Liberty'' is a significant anarcho-capitalist book written by Linda and Morris Tannehill. It was preceded by the self-published ''Liberty via the Market'' in 1969. The work challenges statutory law and advocates natural law as the basis for society. It also argues that society would not be lawless in the absence of the state. ''The Market for Liberty'' spends a great deal of time outlining how different businesses and organizational structures would interact in a laissez-faire society and how these interactions would create checks which would ultimately keep the tendency for crime low. In keeping with radical free-market principles, the book is skeptical about the potential for violent anarcho-capitalist revolution to bring about good outcomes. Summary Part I – The Great Conflict Chapter 1, ''If We Don't Know Where We're Going...'', notes the growing dissatisfaction among youth, the many problems society faces, and the need for a clear goal rather than just ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Murray Rothbard
Murray Newton Rothbard (; March 2, 1926 – January 7, 1995) was an American economist of the Austrian School, economic historian, political theorist, and activist. Rothbard was a central figure in the 20th-century American libertarian movement and a founder and leading theoretician of anarcho-capitalism. He wrote over twenty books on political theory, history, economics, and other subjects. Rothbard argued that all services provided by the "monopoly system of the corporate state" could be provided more efficiently by the private sector and wrote that the state is "the organization of robbery systematized and writ large". He called fractional-reserve banking a form of fraud and opposed central banking. He categorically opposed all military, political, and economic interventionism in the affairs of other nations. According to his protégé Hans-Hermann Hoppe, " ere would be no anarcho-capitalist movement to speak of without Rothbard". Libertarian economist Jeffrey Her ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
For A New Liberty
''For a New Liberty: The Libertarian Manifesto'' (1973; second edition 1978; third edition 1985) is a book by American economist and historian Murray Rothbard, in which the author promotes anarcho-capitalism. The work has been credited as an influence on modern libertarian thought and on part of the New Right. Summary Rothbard advocates anarcho-capitalism, a strain of stateless libertarianism. Rothbard traces the intellectual origins of libertarianism back to classical liberal philosophers John Locke and Adam Smith and the American Revolution. He argues that modern libertarianism originated not as a response to socialism or leftism, but to conservatism. Rothbard views the right of self-ownership and the right to homestead as establishing the complete set of principles of the libertarian system. The core of libertarianism, writes Rothbard, is the non-aggression axiom: "that no man or group of men may aggress against the person or property of anyone else." He argues that while this ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
