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Great book on relative consumption, collective action problems, market failures, and libertarianism. Notes below:
> A rational libertarian who reflects carefully about the traditional libertarian position will find it difficult to defend. I have granted every traditional libertarian assumption—that markets are perfectly competitive, that consumers are essentially rational, and that government may not restrict behavior except to prevent undue harm to others. To this list I have added only one subs ...more
> A rational libertarian who reflects carefully about the traditional libertarian position will find it difficult to defend. I have granted every traditional libertarian assumption—that markets are perfectly competitive, that consumers are essentially rational, and that government may not restrict behavior except to prevent undue harm to others. To this list I have added only one subs ...more
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