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In order to enforce a collective choice to allocate resource to guarding against predators producers must subject themselves to the state's sovereign power to tax and to spend. But these sovereign powers in hand the state can exploit the producers by taxing and spending for its" own purposes....
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In order to enforce a collective choice to allocate resource to guarding against predators producers must subject themselves to the state's sovereign power to tax and to spend. But these sovereign powers in hand the state can exploit the producers by taxing and spending for its" own purposes....
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Can anarchy be efficient? This paper argues that for reasons of efficiency, rational, wealth-maximizing agents may … prohibitively costly, anarchy is the efficient mode of social organization. If total social wealth under conditions of relatively … of government from a cost-benefit perspective. The framework I provide explains the persistence of anarchy in two major …
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Anarchy and the Law assembles for the first time in one volume the most important classic and contemporary studies … Benson, Anarchy and the Law features the key studies exploring and debating the efficacy of individual choice and markets … conservatives argue in favor of political constraints, Anarchy and the Law examines whether to check against abuse, government power …
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The 'folk theorem' suggests that the shadow of the future coupled with the threat of lost business can create cooperation without government. Although institutions rooted in this theorem can support self-enforcing exchange in a wide variety of contexts, their potential to create cooperation is...
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