I am a Libertarian. I believe that market processes based on secure property rights and competitive ‘exit’ provide the best … Continue reading “Institutional Failure and the Tragedy of Climate Change”

In this final round of the H versus H contest I want to question the claim that communication in markets … Continue reading “Hayek versus Habermas: Round 3”

Among the themes to emerge from ‘happiness economics’ one seized on by those disapproving of open markets and the decision-making … Continue reading “The burden of ‘too much choice’”

In a recent post I pointed out that Habermas’s theory of communicative ethics and deliberative democracy fails to recognise a … Continue reading “Hayek versus Habermas: Round 2”

Jurgen Habermas is one of the most influential political philosophers of the last fifty years. Though he has now, thankfully, … Continue reading “Hayek versus Habermas”

Classical liberals claim that theories of justice must be judged by their practical capacity to facilitate positive sum games in … Continue reading “Car Insurance and the Arbitrary Quality of Egalitarian Justice”

Events in the Middle East and concern over the likely impact of democratic change in the region on the prospects … Continue reading “The Invisible Hand of Peace”

European commentators on US healthcare are often misguided in their description of the American system as a ‘free market’ model … Continue reading “The Care of the Elderly Under Socialism”

Ronald Coase is one of my favourite living economists (he is now 100 years old). His work on the significance … Continue reading “Ronald Coase: On the Market for Goods and the Market for Ideas”