Lacking a source to support the claim but I am very confident in the statement here, that sound very similar to the critique James Buchanan (Public Choice economist) made of Friedman’s Machinery of Freedom. Basically the machine can work as long as everyone has the same understanding of property rights. Once that assumption is lost the machine is broke.
Lacking a source to support the claim but I am very confident in the statement here, that sound very similar to the critique James Buchanan (Public Choice economist) made of Friedman’s Machinery of Freedom. Basically the machine can work as long as everyone has the same understanding of property rights. Once that assumption is lost the machine is broke.