From Philosophy to Economics

David Friedman ()

Chapter Chapter 23 in Libertarian Autobiographies, 2023, pp 131-137 from Springer

Abstract: Abstract Finding difficulties with libertarian rights theory I shifted over time to a consequentialist defense of libertarianism on economic grounds, as better providing the outcomes people value. I concluded that the legal system of a market society could itself be endogenous, created by the market, not the state, and would, for economic reasons, tend to generate libertarian law. Hence I now support a stateless society coordinated by institutions of private property and voluntary exchange under private law. Such a society is imperfect but the alternatives are worse; market failure, the exception on the private market, is the rule on the political market. Other and related interests have included implications of encryption, economic analysis of law and exploration of past legal systems, some stateless.

Date: 2023
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DOI: 10.1007/978-3-031-29608-6_23

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