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Re: Another question about free-markets... (fwd)

On Mon, Oct 05, 1998 at 07:12:55AM -0500, Jim Choate wrote:
> > From: Steve Mynott <[email protected]>
> > On Sun, Oct 04, 1998 at 11:53:28PM -0500, Jim Choate wrote:
> > 
> > > Now in a free-market, by definition, there is no law. What then is the
> > 
> > no in a free market there is no state
> > 
> > there are laws based on natural rights
> Ok, who writes the laws? Who enforces the laws? Who decides what is natural?

whoever in a market by the division of labour finds it profitable will
write and enforce the laws

see David Friedman's


for an explanation of how private courts and police could work

"Natural Law theory rests on the insight... that each entity has
distinct and specific properties, a distinct "nature", which can be
investigated by man's reason"  -- Murray N. Rothbard 

> Remember, we have *NO* participants in a free market other than the producer
> and the consumer. Two, and *only* two, parties are involved.

thats how economic thinking starts, or rather should start, and then
the economy is an array of these individual transactions..

police and courts provide a "middle man" function, so you would need
three participants

pgp 1024/D9C69DF9 1997/10/14 steve mynott <[email protected]>

    the first duty of a revolutionary is to get away with it.
        -- abbie hoffman