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Economics And The Distinction Between Voluntary And Coercive Action

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  • Daniel B. Klein

Abstract

In economics, considerations of liberty are generally regarded as a secondary question of ‘policy implications’ and a matter of mere opinion. This essay rejects the relegation of liberty to such a status. It argues that the distinction between voluntary and coercive action, rooted in concepts of private ownership and consent, and forming the basis of liberty, should play a fundamental role in the way economic issues and arguments are formulated.

Suggested Citation

  • Daniel B. Klein, 2007. "Economics And The Distinction Between Voluntary And Coercive Action," Economic Affairs, Wiley Blackwell, vol. 27(4), pages 65-69, December.
    • Handle: RePEc:bla:ecaffa:v:27:y:2007:i:4:p:65-69
    DOI: 10.1111/j.1468-0270.2007.00783.x
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    References listed on IDEAS

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    1. Daniel B. Klein & Stewart Dompe, 2007. "Reasons for Supporting the Minimum Wage: Asking Signatories of the "Raise the Minimum Wage" Statement," Econ Journal Watch, Econ Journal Watch, vol. 4(1), pages 125-167, January.
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    Cited by:

    1. Daniel B. Klein, 2011. "Competition as a Discovery Procedure: A Rejoinder to Professor Kirzner on Coordination and Discovery," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 27(Fall 2011), pages 121-144.

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