IDEAS home Printed from https://ideas.repec.org/a/bla/ajecsc/v69y2010i4p1321-1327.html

The Ethics of Countering the Private Counterfeiter: Rejoinder to Block

Author

Listed:
  • Laura Davidson

Abstract

Counterfeiting is, and should be, a crime. It involves theft by deception, and the stealing of goods or other valuables using false claims to money. But what about counterfeiting money that is already counterfeit? In Block's interpretation, such an action amounts to seizing stolen goods from a thief. Counterfeiting simply relieves the original counterfeiter of his ill gotten gains and is therefore not theft itself. The present article offers a critique of this thesis of Block's on the basis that counterfeiting money involves the theft of property from innocent people.

Suggested Citation

  • Laura Davidson, 2010. "The Ethics of Countering the Private Counterfeiter: Rejoinder to Block," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(4), pages 1321-1327, October.
    • Handle: RePEc:bla:ajecsc:v:69:y:2010:i:4:p:1321-1327
    DOI: 10.1111/j.1536-7150.2010.00746.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1536-7150.2010.00746.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1536-7150.2010.00746.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. de Soto, Jesus Huerta, 1995. "A Critical Analysis of Central Banks and Fractional-Reserve Free Banking from the Austrian School Perspective," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 8(2), pages 25-38.
    2. Mateusz Machaj, 2007. "Against Both Private and Public Counterfeiting," American Journal of Economics and Sociology, Wiley Blackwell, vol. 66(5), pages 977-984, November.
    3. Hoppe, Hans-Hermann, 1994. "How Is Fiat Money Possible?--or, the Devolution of Money and Credit," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 7(2), pages 49-74.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Philipp Bagus & David Howden, 2009. "The Legitimacy of Loan Maturity Mismatching: A Risky, but not Fraudulent, Undertaking," Journal of Business Ethics, Springer, vol. 90(3), pages 399-406, December.
    2. Van Den Hauwe, Ludwig, 2006. "The Uneasy Case for Fractional-Reserve Free Banking," MPRA Paper 119085, University Library of Munich, Germany.
    3. Vicente Moreno-Casas & Philipp Bagus, 2021. "The ethics of care and the tragedy of the commons," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 68(4), pages 405-422, December.
    4. Walter Block, 2010. "Rejoinder To Boettke On Coasean Economics And Communism," Romanian Economic Business Review, Romanian-American University, vol. 5(3), pages 9-30, September.
    5. Le Maux Laurent, 2000. "Ludwig Von Mises, Theoriceen De La Banque Libre : Reponse Aj.G. Hülsmann," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 10(1), pages 169-178, March.
    6. Gentier Antoine, 2013. "3 Comments on “An Austrian Defense of the Euro”," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 19(1), pages 29-40, December.
    7. Kajtazi, Anton & Moro, Andrea, 2019. "The role of bitcoin in well diversified portfolios: A comparative global study," International Review of Financial Analysis, Elsevier, vol. 61(C), pages 143-157.
    8. Gentier Antoine, 2000. "Liberte Bancaire Ou Regulation Par Une Autorite Monetaire ?: Une Comparaison De Deux Systemes En Longue Periode: - Le Massachusetts (1803-1858) - La France (1800-1870)," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 10(1), pages 119-156, March.
    9. François Facchini, 2004. "La théorie autrichienne des cycles : une théorie de la récurrence des erreurs collectives d’anticipation," L'Actualité Economique, Société Canadienne de Science Economique, vol. 80(1), pages 67-94.
    10. Philipp Bagus & Amadeus Gabriel & David Howden, 2018. "On the Necessary and Sufficient Conditions for Legitimate Banking Contracts," Journal of Business Ethics, Springer, vol. 147(3), pages 669-678, February.
    11. Omerčević, Edo, 2013. "Monetary systems, sustainable growth and inclusive economic development," MPRA Paper 44559, University Library of Munich, Germany.
    12. Philipp Bagus, 2011. "The Eurosystem: Costs and Tragedies," Chapters, in: David Howden (ed.), Institutions in Crisis, chapter 7, Edward Elgar Publishing.
    13. Sahoo, Ganeswar, 2012. "F.A. Hayek and his rational choice of monetary arrangements," MPRA Paper 39920, University Library of Munich, Germany.
    14. George Selgin, 2012. "Mere quibbles: Bagus and Howden’s critique of the theory of free banking," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 25(2), pages 131-148, June.
    15. Walter Block, 2010. "Rejoinder to Davidson on Counterfeiting," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(4), pages 1328-1331, October.
    16. repec:idn:jimfjn:v:4:y:2018:i:2j:p:1-32 is not listed on IDEAS
    17. Philipp Bagus & David Howden & Walter Block, 2013. "Deposits, Loans, and Banking: Clarifying the Debate," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(3), pages 627-644, July.
    18. Walter Block, 2003. "Decentralization, Subsidiarity, Rodney King and State Deification: A Libertarian Analysis," European Journal of Law and Economics, Springer, vol. 16(2), pages 139-147, September.
    19. François Facchini, 2004. "La théorie autrichienne des cycles : une théorie de la récurrence des erreurs collectives d’anticipation," Post-Print hal-01286790, HAL.
    20. Philipp Bagus & David Howden, 2016. "The economic and legal significance of “full” deposit availability," European Journal of Law and Economics, Springer, vol. 41(1), pages 243-254, February.
    21. Laura Davidson, 2015. "Ethical Differences Between Loan Maturity Mismatching and Fractional Reserve Banking: A Natural Law Approach," Journal of Business Ethics, Springer, vol. 131(1), pages 9-18, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ajecsc:v:69:y:2010:i:4:p:1321-1327. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0002-9246 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.