David D. Friedman - Anarchy and Efficient Law Part 2

Well-known anarcho-capitalist thinker David D. Friedman on the subject of "Anarchy and Efficient Law", from the Mises Brasil Austrian Economics seminar. You can find more information about him and his ideas at his website here: http://daviddfriedman.blogspot.com/

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• Anarchy
• Efficient
• Law
• market
• anarcho-capitalism
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[cosytoesUK]

@Arjozof I agree that a government official is certainly no more likely to do so in many scenarios. The problem, is that doesn't address my underlying point. The fact that it might not work well in another system either, doesn't alter the point that it would be unlikely to work under the system discussed in the video. Therefore, it doesn't look to me like a viable alternative.

[Arjozof]

@cosytoesUK it is even harder to imagine a government official to stick his neck out for an individual customer.

[cosytoesUK]

This assumes that the profit motive will inspire one of the agencies to stick their neck out for an individual customer, actually to the point of fighting a moral cause even when there is no profit in them to do so. I accept the profit motive directs discretion in a market scenario in a way that can be relatively beneficial. But as I say, assuming they will do so on moral points where there is a neutral profit scenario, seems questonable to me. Look at health insurance.

[god0fgod]

Why would most people not be libertarian if society became anarcho-capitalist?

[reapfreak]

@tabber87 I am sure this would be forseen. Perhaps you are insured for this and the services of another agency will be provided in this scenario. The point is that there is a multitude of options, unlike the current system we have.

[tabber87]

What about an instance of a dispute between/among two or more individuals who have employed the same agencies? It seems to me that this type of system would inevitably lead to a plethora of inefficient conflicts of interest.

In addition it seems that such a system would tend to eventually descend into constant arbitration in that apparently no entity would enforce agreements between two agencies in the instance of an unsatisfied party.

[Nonpeon]

Where can I get the book of the author mentioned in this vid????

[Seaileanu]

@billyjoeallen Check the Wikipedia article on Vernor Vinge.

I quote: "A pro-market/anarchocapitalist theme can be seen in other works, either explicitly (The Ungoverned, Marooned in Realtime) or more quietly (the confrontation between the Emergents and the Qeng Ho in A Deepness in the Sky)."

[billyjoeallen]

What was the author who wrote the short story of a State interacting with a anarchist region?

Verner Venja?

What was the name of the Story?

[Dabba23]

@god0fgod And the law firms have to compete as well, so giving preferential treatment to the rich wouldn't be profitable in anything other than the immediate short-term. The point is, that competition will stifle out any companies that give such special treatment to the rich because no one would want to patronize them.