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Economic Calculation in the Corporate Commonwealth

The general lines of Ludwig von Mises’s rational-calculation argument are well known. A market in factors of production is necessary for pricing production inputs so that a planner may allocate them rationally. The problem has nothing to do either with the volume of data or with agency problems. The question, rather, as Peter Klein put it, is “[h]ow does the principal know what to tell the agent to do?” This calculation argument can be applied not only to a state-planned economy, but also to the internal planning of the large corporation under interventionism, or state capitalism. Read the rest of Kevin carson's article at The Freeman Online . James Tuttle , Regular Columnist, T H L Articles | Author's Page | Website

Libertarianism Through Thick and Thin (More than just statist coercion?)

To what extent should libertarians concern themselves with social commitments, practices, projects, or movements that seek social outcomes beyond, or other than, the standard libertarian commitment to expanding the scope of freedom from government coercion? Clearly, a consistent and principled libertarian cannot support efforts or beliefs that are contrary to libertarian principles—such as efforts to engineer social outcomes by means of government intervention. But if coercive laws have been taken off the table, then what should libertarians say about other religious, philosophical, social, or cultural commitments that pursue their ends through noncoercive means, such as targeted moral agitation, mass education, artistic or literary propaganda, charity, mutual aid, public praise, ridicule, social ostracism, targeted boycotts, social investing, slowdowns and strikes in a particular shop, general strikes, or other forms of solidarity and coordinated action? Which social movements should ...

Scratching By: How Government Creates Poverty as We Know It

Governments—local, state, and federal—spend a lot of time wringing their hands about the plight of the urban poor. Look around any government agency and you’ll never fail to find some know-it-all with a suit and a nameplate on his desk who has just the right government program to eliminate or ameliorate, or at least contain, the worst aspects of grinding poverty in American cities—especially as experienced by black people, immigrants, people with disabilities, and everyone else marked for the special observation and solicitude of the state bureaucracy. Depending on the bureaucrat’s frame of mind, his pet programs might focus on doling out conditional charity to “deserving” poor people, or putting more “at-risk” poor people under the surveillance of social workers and medical experts, or beating up recalcitrant poor people and locking them in cages for several years. But the one thing that the government and its managerial aid workers will never do is just get out of the way and let po...
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