Those who deny that the provision of protection services could be supplied through either the market or some other nonmonopolistic device must therefore endorse some sort of state. And those within that group who maintain that the provision of such services to everyone within a given territory is the only proper function of government must therefore advocate a minimal, or laissez-faire, state. However, an examination of the arguments of three of the better-known contemporary minarchists discloses problems of internal inconsistency which (...) render them unsound, even on their own.. (shrink)

Walter Block discusses publications by Robert Nozick, the unjustifiably ignored Michael Levin, and Ayn Rand, each of whom has criticized anarcho-capitalism, the system that takes laissez-faire capitalism to its logical extension: here, all goods and services, particularly including courts, police, and armies would be provided by competing private firms and individuals. This paper considers their arguments and rejects them.

After all, Lee is Professor of Economics and holder of the Bernard B. and Eugenia A. Ramsey Chair of Private Enterprise Economics at the University of Georgia. In addition to holding a named chair in “Private Enterprise Economics,” he is also the former president of the Association of Private Enterprise Educators, a group devoted to not only the study of markets, private enterprise, property rights, and capitalism, but one which is largely, but not exclusively, made up of academic economists with (...) strong free market views and strong skepticism of government actions (it started many years ago as an association of free enterprise chair holders but has expanded to include anyone with a strong free enterprise perspective).2 As well, Lee has been associated with another group that claims a market orientation, the Center for Study of Public Choice, both at George Mason University and at Virginia Polytechnic Institute & State.. (shrink)