In a stateless society, coercive aggression is illegal, not necessarily successfully abolished, by all actors, including those employed by whatever legal system prevails. Its possible within markets for things to happen which benefit one party at anothers expense, here David Friedman explains how a market legal system tends to a) prevent this in the first place by making them expensive, and b) to compensate the victims of externalities at the expense of those who create them.
Posted on: Tue, 04 Mar 2014 05:19:55 +0000
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