Epstein on alienation: a rejoinder

Walter Block

International Journal of Social Economics, 2006, vol. 33, issue 3, 241-260

Abstract: Purpose - The purpose of this paper is to counteract Epstein's views on the alienability of property. Epstein favors limitations oflaissez‐fairecapitalism regarding such things as guns, liquor, narcotics, certain books and voting and this paper aims to criticize them from the perspective of full, free enterprise. Design/methodology/approach - The main method is that of thereductio ad absurdum. For example, Epstein favors prior restraint on books giving information as to how an atomic bomb may be built. He does so on grounds that such information can be extremely harmful. Marxist books are far more harmful. Yet Epstein would not ban them. So his case for prior restraint is undermined. Findings - Epstein's case for restrictions on alienability is unfounded. Practical implications - If the message of the paper is incorporated into public policy, the practical implication is that any move in the direction oflaissez‐fairecapitalism will be much closer than by implementing Epstein's recommendations. Originality/value - This paper should interest people concerned about how much government regulation of the economy is justified. What is new is that Epstein, one of the most extreme defenders of the minimal state, is not a full advocate of this position. His arguments for exceptions to free enterprise private property rights system are untenable.

Keywords: Political economy; Property; Capitalist systems; Product liability; Regulation (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:eme:ijsepp:03068290610646252

DOI: 10.1108/03068290610646252

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