Amongst many, though certainly not all, political theorists and economists there is a tendency to believe that in the absence of government, mutually beneficial voluntary economic interactions- and hence property rights- cannot exist, or, if they can, do so only infrequently (see, for instance, Murphy and Nagel (2002); Buchanan (1975); Glaeser et al. (2001); Rand (1967) pp. 329 – 337; Friedman (2002); Epstein (1985) chapter 1; Macpherson (1962)). This view has as its philosophical progenitor Thomas Hobbes, who famously concludes in his masterpiece, Leviathan, that in order to allow for mutually beneficial economic interactions- and thus property rights- a civil authority with the power to create and enforce laws is first necessary. What Hobbes (and by implication most modern political theorists and economists) fails to address adequately is that agents can establish property holdings and facilitate economic transactions in the absence of a government via self-enforcing contracts, particularly given his starting assumptions.
Archive for the ‘Moral Psychology’ Category
Posted in Action Theory, Epistemology, Logic, Moral Psychology, Naturalism, Philosophy of Mathematics, Philosophy of Mind, Philosophy of Psychology, Philosophy of Science, tagged Bayesianism, Colin Howson, eliminative materialism, Patricia Churchland, rational choice and decision theory on May 20, 2011| 5 Comments »