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Do Contracts Require Formal Enforcement?

In: Anarchy, State and Public Choice

Author

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  • Peter T. Leeson

Abstract

The book reprints the main articles from the 1972 volume Explorations in the Theory of Anarchy, and contains a response to each chapter, as well as new comments by Gordon Tullock, James Buchanan, Jeffrey Rogers Hummel and Peter Boettke. The younger economists are notably less pessimistic about markets and more pessimistic about government than their predecessors. Much of the new analysis suggests that private property rights and contracts can exist without government, and that even though problems exist, government does not seem to offer a solution. Might anarchy be the best choice after all? This provocative volume explores this issue in-depth and provides some interesting answers.

Suggested Citation

  • Peter T. Leeson, 2005. "Do Contracts Require Formal Enforcement?," Chapters, in: Edward Stringham (ed.), Anarchy, State and Public Choice, chapter 7, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3741_7
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    Cited by:

    1. Aligica, Paul Dragos, 2013. "Institutional Diversity and Political Economy: The Ostroms and Beyond," OUP Catalogue, Oxford University Press, number 9780199843909.
    2. Benjamin Powell & Edward Stringham, 2009. "Public choice and the economic analysis of anarchy: a survey," Public Choice, Springer, vol. 140(3), pages 503-538, September.
    3. Benjamin Powell & Edward Stringham, 2009. "Public choice and the economic analysis of anarchy: a survey," Public Choice, Springer, vol. 140(3), pages 503-538, September.

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