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Home » Entrepreneurship » Entrepreneurship

Justice Entrepreneurship In a Free Market*

Source: www.mises.org
Topic: Entrepreneurship

Sort Desciption: sion is the notion of justice entrepreneurship with its two essential ..... lels between market entrepreneurship and Justice Agencies to justify using ...

Content Inside: Justice Entrepreneurship In a Free Market* by George H. Smith Forum for Philosophical Studies Los Angeles 1 Modern libertarian thought is essentially deductive in character. Building from a foundation in natural law libertarians derive the principle of non- aggression; and from this they deduce the standards of a just society. Con- sistency is the key word: what is permissible in the political sphere must be compatible with the principle of nonaggression. On the extreme wing of libertarian ideology are the individualist anar- chists who wish to dispense with government altogether. The quasi- legitimate functions now performed by government such as the administra- tion of justice can the anarchists claim be provided in the marketplace. Although this private administration of justice was defended by some nineteenth-century libertarians such as Gustave de Molinari and Benjamin R. Tucker its greatest exponent has been Murray Rothbard.1 Many objections have been leveled at free-market justice perhaps the most serious being that it is incompatible with the rule of law. Critics of this theory envision a chaotic patchwork of competing agencies each with its own set of procedures and standards. Without a government to impose a uniform system of (presumably) reliable and just procedures these critics foresee various criminal bands imposing their wills in the name of justice. The anarchists of course disagree with this projection. (Indeed they point out that the previous description applies to governments past and present.) Specifically the individualist anarchists do not oppose the rule of law. They argue that because the principles of justice are grounded in natu- ral law they thus fall within the province of human knowledge. Just as we do not require a government to dictate what is true in science or history so we do not require a government to dictate standards and procedures in the realm of justice. We should look to reason and facts not to government. ...

entrepreneurship in the free market

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