The debate around homosexuality is complex. This article only addresses one small point. It is often argued that homosexuality is not a choice because, well, go ask a gay person and that’s what they will tell you. I personally haven’t asked my few gay personal friends because it seems a bit rude. A little less … Read more Gays Say They Are Born That Way
What sort of firm structure would exist in an anarcho-capitalist society? This article presents two conjectures. The first conjecture is a straightforward extrapolation of the principle of decentralization. This principle holds that decisions are made more efficiently by maximally decentralized deciders. The reasoning is simple: The outcome is better tailored to the preference of the … Read more Firm Structure in an ACS
In this article I want to further explain the Vandivier-Coase Theorem. The theorem is as follows: “When transaction costs are sufficiently small relative to total surplus, an efficient and invariant outcome will prevail, and as transaction costs approach zero the result will become even more efficient.” There are 3 specific pieces of this definition that … Read more Unpacking the Vandivier-Coase Theorem
This article will describe my own notion of market failure, called Vandivierian Market Failure (VMF). There are several classic definitions of market failure, but three seem to stand out: A market failure is a situation where individual rationality does not lead to group rationality. A market fails when it is not pareto-efficient. Pareto-efficiency is a … Read more Vandivierian Market Failure
This article will give 4 reasons that legislation, executive action, or other public action to make vaccines mandatory is a bad idea and should not be supported. First, let me disclaim that I am not against vaccines. Vaccines are quite often a good idea, except when they aren’t, but this article is not to put … Read more 4 Reasons to Say “Nah Bro” to Mandatory Vaccines
This article will define something called high science and ask whether it really has the qualities we expect of science in general. High science exists in two forms and they are related. High science can be science which involves large and costly experimental projects. For example, experiments which depend on access to the Large Hadron … Read more Is High Science Scientific?
We often discuss anarcho-capitalist society using generalities and aggregated speech. This is often not a convincing or clear way to communicate. This article lays out the specific mechanism used to resolve conflict in an anarcho-capitalist society as concisely as possible and within the context of a specific dispute example. When asked how law would be … Read more The Specific Mechanism of Anarcho-Capitalist Conflict Resolution
Many anarcho-capitalist thinkers claim that private defense agencies (PDAs) would exist in an anarcho-capitalist society (ACS). David Friedman is one example. But why do we think this? That’s what this article is about. Suppose there are two key actors and one does something the other doesn’t like. If the degree of the offense is perceived … Read more Would PDAs form in an ACS?
This article will argue that price discrimination is efficient for society, not just producers. Price discrimination is the practice of firms charging different prices for different consumers. In theory this allows producers to obtain the full amount of social surplus. The following graph compares a monopoly which can price discriminate to a monopoly which cannot … Read more Price Discrimination is Efficient
This article will argue that an anarcho-capitalist society is more democratic than Democracy and that an a-c society is actually a populist idea. This recent article from Reason summarizes the results of recent Cato Instituted research. The Cato research suggests that Americans would be more happy paying taxes, and in fact might be willing to … Read more Democracy is Not Democratic