Government and Market: A Critique of Professor James Buchanan’s ‘What Should Economics Do?’

Corporate Ownership & Control, Vol. 3, Issue 1, Fall 2005

9 Pages Posted: 8 Jul 2011

See all articles by Walter E. Block

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

Date Written: July 6, 2011

Abstract

For Professor James Buchanan, government is just one more player in the market, along with all others, such as consumers, landlords, farmers, etc. This view is subjected to sharp criticism by the present author, who makes the case that the government differs from all other participants in society in that it and it alone enjoys a legal monopoly over initiatory aggression against person and property. No individual presumes to take on the role accorded the state (e.g., to "tax" anyone, or prevent businesses from merging under threat of fine or jail); the government does this every day.

Suggested Citation

Block, Walter E., Government and Market: A Critique of Professor James Buchanan’s ‘What Should Economics Do?’ (July 6, 2011). Corporate Ownership & Control, Vol. 3, Issue 1, Fall 2005. Available at SSRN: https://ssrn.com/abstract=1880184

Walter E. Block (Contact Author)

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

Register to save articles to
your library

Register

Paper statistics

Downloads
35
Abstract Views
399
PlumX Metrics