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ECONOMICS AND THE DISTINCTION BETWEEN VOLUNTARY AND COERCIVE ACTION

Daniel Klein

Economic Affairs, 2007, vol. 27, issue 4, 65-69

Abstract: In economics, considerations of liberty are generally regarded as a secondary question of ‘policy implications’ and a matter of mere opinion. This essay rejects the relegation of liberty to such a status. It argues that the distinction between voluntary and coercive action, rooted in concepts of private ownership and consent, and forming the basis of liberty, should play a fundamental role in the way economic issues and arguments are formulated.

Date: 2007
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https://doi.org/10.1111/j.1468-0270.2007.00783.x

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