Anarchy, State and Public Choice

Anarchy, State and Public Choice

New Thinking in Political Economy series

Edited by Edward Stringham

The book reprints the main articles from the 1972 volume Explorations in the Theory of Anarchy, and contains a response to each chapter, as well as new comments by Gordon Tullock, James Buchanan, Jeffrey Rogers Hummel and Peter Boettke. The younger economists are notably less pessimistic about markets and more pessimistic about government than their predecessors. Much of the new analysis suggests that private property rights and contracts can exist without government, and that even though problems exist, government does not seem to offer a solution. Might anarchy be the best choice after all? This provocative volume explores this issue in-depth and provides some interesting answers.

Chapter 2: Individual Welfare in Anarchy

Winston Bush

Subjects: economics and finance, public choice theory, politics and public policy, public choice


* Winston Bush Anarchy as an organizing principle for society must appeal to anyone who places individual freedom high on his scale of values. In a basic sense, everyone is anarchist, in that he views all socially imposed restrictions on his own freedom of action as ‘bads,’ even if he may recognize these, or some of these, to be necessary costs of social harmony. It is not surprising that ‘anarchy’ and ‘anarchism’ have re-emerged as topics for discussion in the 1960s and the 1970s, as tentacles of government progressively invade private lives and as the alleged objectives of such invasions recede yet further from attainment. Social scientists must acknowledge the widespread current appeal of radical organizational alternatives, and they must cut through the excesses of revolutionary rhetoric and try to identify the common concern that much of it expresses. For this reason, if for no other, anarchy deserves to be seriously discussed, neither in romantic advocacy nor in pejorative attack, but with the most powerful tools of modern social analysis. Perhaps precisely because of the emotional overtones, the tools of modern economic analysis have not, to our knowledge, been applied to explain or to depict the general characteristics of an economy without laws or property rights.1 There are two quite different conceptions or models of individual behavior in genuine anarchy, that hypothetical state where no societal controls exist. We may label these as Hobbesian and Proudhonian. In Hobbes’ natural state, the absence of authority presents the individual with a choice...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information