Monday, November 2, 2015

Richard Thaler Reacts to Murray Rothbard?

Lifted from the comments of the Is Richard Thaler Serious? post:
Thaler: "The argument is that government is a monopoly with coercive power..."

There was a time that only libertarians (and, perhaps more precisely, Rothbardians) talked like this. Clearly, they are reading the book. That they have to address this point is progress.
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3 comments:

  1. JosiahNovember 2, 2015 at 2:58 PM

    Isn't that the standard definition you hear on the first day of a Poly Sci 101 course?

    ReplyDelete
  2. WagsNovember 2, 2015 at 8:26 PM

    Yes it's coercive force. There is a role for that in upholding the law.

    ReplyDelete
  3. Joshua BennettNovember 2, 2015 at 11:05 PM

    What "law" Wags? Property taxes? Income taxes? Wealth redistribution? Drug laws? EPA Regulations? Monetary policy monopoly? Eminent domain? Obamacare? Is this the necessary coercive force you mean?

    ReplyDelete

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