Insider trading legislation requires insiders to publicly report their trades through securities commissions and prohibits them from using confidential, undisclosed information that is material to the value of securities in connection with the trades.' In Canada, insider trading is both a civil...

There are two views of monopoly within what might be called the broad Austrian camp. According to the Mises-Kirzner view, monopoly price can exist on the free market, and a necessary part of its definition is a purposeful withholding of resources on the part of the monopolist. Rothbard, however,...

The premise underlying laissez-faire capitalism is that the only actions which should be illegal are those which involve an initiation of aggression against another person or his property. Antitrust law is clearly in violation of this principle, because it prohibits business practices no one...

This paper argues the case for the legalization of addictive drugs such as marijuana, cocaine, and heroin. It maintains that there are no “market failures” which could justify a banning of these substances, and that, as in the earlier historical case of prohibition of alcohol, our present...

Mention "free market advocate" or "defender of private property rights" and the name Ronald Coase is certain to be included in the top ten list of virtually all cognoscenti of such matters. Nor can it be denied that there are numerous good and sufficient reasons for this assessment....

The world of political economy can be divided into two camps: those who wish to rid society of all commercial interactions, and those who think that engaging in any market activity should be legal. These are of course end points on the spectrum; most views fall in between. Radin occupies a...

The purpose of the present paper is to test this premise of no positive obligations against a challenging critique that can be made of it. To wit, abandonment of babies. That is, does the mother who abandons her baby haw the positive obligation to at least place it "on the church steps", e.g....

The present paper attempts to forge a compromise between those who maintain that stem cell research is out-and-out murder of young helpless human beings and those who favor this practice. The compromise is predicated upon the libertarian theory of private property rights. Starting out with the...

This papers attempts to show that the neoclassical analysis of monopsony is erroneous. We deal with this issue under two sub-headings: those compatible with mainstream economics, and those that are not. In the first category are: paucity, wrong target, temporariness, limited window, complexity,...