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Full-Text Articles in Law
On Ronald Coase As Political Economist”, Walter E. Block
On Ronald Coase As Political Economist”, Walter E. Block
Walter E Block
Despite Coase’s many and important contributions to economics he has mislead the profession of economics with his work in social costs, for which he is perhaps most famous. If his analytic model were incorporated into the actual practice of law, this would undermine the rule of law and private property rights, and, with them, all hope for prosperity and economic growth. In addition, his views on this topic are manifestly unjust. This all stems, in the present analysis, from Coase’s inability to make a distinction between peaceful cooperation and initiatory violence, the most important one in all of political economy …
The Natural Rights Of Children, Walter E. Block