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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

    as
    1. Smith, Adam, 1759. "The Theory of Moral Sentiments," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number smith1759.
    2. 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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