Unenumerated: The Coase Theorem is false: contracts depend on tort law - The Diigo Meta page

• 17 May 10
  

  James Choate

  In the Rothbardian ideology of anarcho-capitalism, all law can supposedly be derived from contract, the entry into which is supposed to be voluntary. "Social contract" theories of government also tend, by this euphemism, to suggest that the formation of g

  Law Contracts Libertarianism

• 28 Aug 08
  

  Todd Suomela

  The proof that the Coase Theorem is false is actually quite simple: the assumptions of the Theorem contradict each other. The assumption that transactions are voluntary contradicts the assumption that any prior allocation of rights is possible, including

  economics philosophy markets market-failure import-delicious

• 02 Jun 08
  

  Michel Bauwens

  It is usually the case with coercion, as here, that it is far cheaper for the coercer to cause harm than for the victim to prevent it.

  P2P-Economics P2P

Would you like to comment?

Join Diigo for a free account, or sign in if you are already a member.