Browsing All posts tagged under »Minarchism«

Economic calculation revisited – the case of monopoly, socialism and the Road to Serfdom

April 10, 2011

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The economic calculation problem of socialism is similar to the problem of economic calculation under monopoly. However, the absence of private ownership under socialism adds an additional layer of chaos to socialism, which is exacerbated under democratic political competition. This is what makes monarchy preferable to democracy, yet inferior to a free market of security. […]

The challenge to minarchism – the impossibility of sustaining a libertarian state

November 11, 2010

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While minarchist philosophers claim that the emergence of a state is inevitable and that therefore efforts must be concentrated towards establishing a “minimal state” to protect freedom, thorough analysis points to the inverse problem, that no minimal state can prevent its collapse to anarchy without compromising all of its laws and principles. A few years […]