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Rejoinder To Bertrand On Lighthouses

Author

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  • Walter E. Block

    (Joseph A. Butt, S.J. College of Business, Loyola University New Orleans)

Abstract

Coase (1974) claimed that private lighthouses were operational in the 18th and early 19th centuries. Barnett and Block (2007) took the position that Coase’s (1974) understanding of the difference between private and public enterprises was confused,and that as a result his thesis was false. Bertrand (2006) supported the position espoused by Barnett and Block (2007) vis a vis Coase and his so called private light houses. However, Barnett and Block (2009) maintained that Bertrand (2006) committed numerous analytic errors. Bertrand (2009) defends the position of Bertrand (2006) and rejects the criticisms made of Bertrand (2006) by Barnett and Block (2009). The present paper is a rejoinder to Bertrand (2009).

Suggested Citation

  • Walter E. Block, 2011. "Rejoinder To Bertrand On Lighthouses," Romanian Economic Business Review, Romanian-American University, vol. 6(3), pages 49-67, September.
    • Handle: RePEc:rau:journl:v:6:y:2011:i:3:p:49-67
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    File URL: http://www.rebe.rau.ro/RePEc/rau/journl/FA11/REBE-FA11-A4.pdf
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    References listed on IDEAS

    as
    1. Van Zandt, David E, 1993. "The Lessons of the Lighthouse: "Government" or "Private" Provision of Goods," The Journal of Legal Studies, University of Chicago Press, vol. 22(1), pages 47-72, January.
    2. Murray N. Rothbard, 1995. "Economic Thought Before Adam Smith," Books, Edward Elgar Publishing, number 377.
    3. Wesley Clair Mitchell, 1927. "Business Cycles: The Problem and Its Setting," NBER Books, National Bureau of Economic Research, Inc, number mitc27-1, March.
    4. Smith, Adam, 1776. "An Inquiry into the Nature and Causes of the Wealth of Nations," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number smith1776.
    5. David Reisman, 1990. "Economics and Principles," Palgrave Macmillan Books, in: Alfred Marshall’s Mission, chapter 5, pages 60-105, Palgrave Macmillan.
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    Cited by:

    1. Block Walter E. & Barnett William, 2020. "Newly Discovered Gold Does Not Distort the Economy; It Is Not A Market Failure," Review of Economic Perspectives, Sciendo, vol. 20(3), pages 281-288, September.
    2. Martín Krause, 2015. "Buoys and Beacons in Economics," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 30(Spring 20), pages 45-59.

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