"Precisely because our ability to impose exogenously the institutional structure that will effectively govern society has proven to be so weak, we must open up our analysis to the evolution of rules from games of conflict to games of cooperation. Instead of designing ideal institutional settings that we can exogenously impose on the system and thus provide the 'correct' institutional environment within which commerce and manufacturing can flourish, we have to examine the endogenous creation of the rules by social participants themselves. The science and art of association is one of self-governance and not necessarily one of constitutional craftsmanship. And herein lies the contribution that contemporary research on anarchism can make to modern political economy." - Peter Boettke
May 2010
You are browsing the archive for May 2010.
Working Paper – Fink: Under What Conditions May Social Contracts Arise?
“Under What Conditions May Social Contracts Arise? Evidence from the Hanseatic League” by Alexander Fink. Abstract: Social contractarians commonly take social contracts to be solely hypothetical and refrain from elaborating on the factors that influence the feasibility of the formation of social contracts. In contrast, this paper aims at providing a discussion of the conditions [...]
Working Paper – Taylor, Crampton: Anarchy, Preferences, and Robust Political Economy
“Anarchy, Preferences, and Robust Political Economy” by Brad Taylor and Eric Crampton. Abstract: We consider the relative robustness of libertarian anarchy and liberal democracy to meddlesome preferences. Specifically, we examine how the liberty of those wishing to engage in externally harmless activities is affected by people who wish to prevent them from doing so. We show [...]
Working Paper – Stringham, Hummel: Pure Market Economy
“If a Pure Market Economy Is So Good, Why Doesn’t It Exist?” by Edward Stringham and Jeffrey Rogers Hummel. Abstract: Many economists argue that a pure market economy cannot come about because people will always have incentives to use coercion (Cowen and Sutter, 2005; Holcombe, 2004). This working paper maintains that these economists leave out [...]