Colombia acaba de aprobar una nueva constitucion. Es la expresion del ideal liberal: Se espera que una democracia mas abierta y participativa permita un mayor control de los ciudadanos sobre sus asuntos colectivos, asegurando al mismo tiempo un suministro de bienes publicos mas racional....

We develop a critique of government interventionism based on the Misesian calculation argument against socialism. If private property rights and relative prices based on supply and demand are necessary for successful economic coordination, then conventional market failure theories cannot be...