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Anarchy, State, and Property

Author

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  • Lars Lindblom

    (Umea University)

Abstract

The fundamental function of the state is safeguarding the safety of its citizens. The combination of Nozick’s invisible hand explanation with his theory of justice implies that individuals can have full private property rights in the state. An individual with such property rights thus has the right to sell and destroy what he or she owns. This implies that it is perfectly fair to buy a state and dismantle it, thereby leaving citizens without protection. I conclude that Nozick’s theory of the state fails since it cannot guarantee the protection of its citizens’ safety.

Suggested Citation

  • Lars Lindblom, 2014. "Anarchy, State, and Property," Rationality, Markets and Morals, Frankfurt School Verlag, Frankfurt School of Finance & Management, vol. 5(81), February.
    • Handle: RePEc:rmm:journl:v:5:y:2014:i:81
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    File URL: http://www.rmm-journal.de/downloads/Article_Lindblom.pdf
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    References listed on IDEAS

    as
    1. Bernd Lahno, 2013. ""Can the Social Contract Be Signed by an Invisible Hand?"–A New Debate on an Old Question," Rationality, Markets and Morals, Frankfurt School Verlag, Frankfurt School of Finance & Management, vol. 4(66), July.
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