Thoughts on the Latecomer and Homesteading Ideas; or, why the very idea of “ownership” implies that only libertarian principles are justifiable
The following is an edited version of my recent post on a libertarian discussion list.
The following is an edited version of my recent post on a libertarian discussion list.
Here is the problem, according to Steven Landsburg:
Economics is therefore not quantitative prediction. Nor is it a game or puzzle solving. Neither of the Friedman's assumptions — the rationality of economic agents and of the simplicity of preferences — is necessary.