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According to the standard position of the economic mainstream, the
efficient production of so-called public goods, including law and
defense, requires the use of territorial monopolies of coercive
force. Two arguments are put forward for this position: a
"positive" one, based on the claim that only such institutions can
successfully supply society with crucial public goods, and a
"negative" one, based on the claim that such institutions by
themselves constitute inevitable "public bads". This book
challenges this assumption by utilizing the insights of the
Austrian School of Economics, New Institutionalism, constitutional
political economy, and other heterodox economic approaches,
combined with economically informed ethical analysis. It puts
forward a positive case for voluntary social organization that
offers new insights into the intersection of economic logic, social
philosophy, institutional analysis, and the theory of
entrepreneurship. In other words, in an attempt to draw on the
interdisciplinary spirit of classical political economy, this book
aims at providing a comprehensive economic and ethical case for
extending the applicability of voluntary, entrepreneurial
cooperation to the realm of creating and sustaining legal and
protective services together with attendant institutional
frameworks.
According to the standard position of the economic mainstream, the
efficient production of so-called public goods, including law and
defense, requires the use of territorial monopolies of coercive
force. Two arguments are put forward for this position: a
"positive" one, based on the claim that only such institutions can
successfully supply society with crucial public goods, and a
"negative" one, based on the claim that such institutions by
themselves constitute inevitable "public bads". This book
challenges this assumption by utilizing the insights of the
Austrian School of Economics, New Institutionalism, constitutional
political economy, and other heterodox economic approaches,
combined with economically informed ethical analysis. It puts
forward a positive case for voluntary social organization that
offers new insights into the intersection of economic logic, social
philosophy, institutional analysis, and the theory of
entrepreneurship. In other words, in an attempt to draw on the
interdisciplinary spirit of classical political economy, this book
aims at providing a comprehensive economic and ethical case for
extending the applicability of voluntary, entrepreneurial
cooperation to the realm of creating and sustaining legal and
protective services together with attendant institutional
frameworks.
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