The paper investigates the prospects for “neutral” arbitration in anarchy, in which the parties to a dispute have no … to some standard or norm external to the parties. In anarchy, the use of an external norm may reduce the likelihood that …

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 …

Anarchy, simply put, means a society without government. Unfortunately, when most people use the word, they typically … make it mean something like chaos, or civil unrest; they equate anarchy with Hobbes's jungle where life is 'poore, nasty …, brutish and short'. Anarchy, for them, is the penchant for society's destruction maintained by disaffected suburban youth who …