Abstract
Among us there are some who are able to imagine a viable society without a state. These libertarian anarchists, or anarchocapitalists, have made major contributions in demonstrating how many of the modern state’s activities might be better carried out through the spontaneous processes of the market. And these arguments are exerting an effect now in the cross-national movements toward privatization. I do not want to underestimate the importance of the challenge that the libertarian anarchists have posed for all of us who defend state action.
J. Buchanan is the winner of the 1986 Nobel Prize in economics. This chapter is based on his presidential address given at the Mont Pelerin Society meeting in St. Vincent, Italy, 1986.
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References
Nozick, Robert. 1974. Anarchy, state, and utopia. New York: Basic Books, pp. 290–292.
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© 1987 Martinus Nijhoff Publishers, Dordrecht
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Buchanan, J.M. (1987). Man and the State. In: Pejovich, S. (eds) Socialism: Institutional, Philosophical and Economic Issues. International Studies in Economics and Econometrics, vol 14. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-3571-6_1
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DOI: https://doi.org/10.1007/978-94-009-3571-6_1
Publisher Name: Springer, Dordrecht
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