Machinery of Freedom by David Friedman

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pages: 577 words: 149,554

The Problem of Political Authority: An Examination of the Right to Coerce and the Duty to Obey by Michael Huemer

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Cass Sunstein, Chelsea Manning, cognitive dissonance, cuban missile crisis, Daniel Kahneman / Amos Tversky, en.wikipedia.org, Eratosthenes, experimental subject, framing effect, Gini coefficient, illegal immigration, impulse control, Isaac Newton, Julian Assange, laissez-faire capitalism, Machinery of Freedom by David Friedman, Milgram experiment, moral hazard, Phillip Zimbardo, profit maximization, profit motive, Ralph Nader, RAND corporation, rent-seeking, Ronald Coase, The Wealth of Nations by Adam Smith, unbiased observer, uranium enrichment, WikiLeaks

Fitzpatrick, Laura. 2009. ‘A Brief History of Stockholm Syndrome’, Time, August 31, 2009, www.time.com/time/nation/article/0,8599,1919757,00.html. Accessed July 20, 2010. Foot, Philippa. 1967. ‘The Problem of Abortion and the Doctrine of the Double Effect’, Oxford Review 5: 5–15. Freud, Anna. 1937. The Ego and the Mechanisms of Defence, tr. Cecil Baines. London: Hogarth. Friedman, David. 1989. The Machinery of Freedom. LaSalle, IL: Open Court. ——. 1990. Price Theory: An Intermediate Text. Cincinnati, OH: Southwestern. ——. 1994. ‘A Positive Account of Property Rights’, Social Philosophy and Policy 11: 1–16. Friedman, Milton. 1953. ‘The Methodology of Positive Economics’. Pp. 3–43 in Essays in Positive Economics. Chicago: University of Chicago Press. Fry, Douglas P. 2007. Beyond War: The Human Potential for Peace.

It is possible for a theory that is very far from the truth to have very accurate predictions (as in the case of Ptolemaic astronomy). However, pace Friedman, I believe this is unlikely to occur for theories of human nature. 15 Marx and Engels 1978, 218. 16 It is not possible to convey the power of modern economic theory in a short space. For an excellent introduction to microeconomics, see David Friedman’s (1990) textbook, available at http://www.daviddfriedman.com/Academic/Price_Theory/PThy_ToC.html. 17 See Huemer ‘Why People Are Irrational about Politics’ (n.d.) and Caplan 2007b. 18 It is also unclear how equal communist societies in the twentieth century actually were. Vinokur and Ofer (1987, 193) estimate the Gini coefficient for the Soviet Union in 1973 at 0.31. For the United States, the Gini coefficient was approximately 0.38.

I have modernized the spelling and punctuation. Smith is here slightly paraphrasing the words of colony secretary Hamor (1614, 17). 22 See Cowen 2007a for discussion. 23 Heywood 1992, 198; Wolff 1996, 33–4. 9 The Logic of Predation The direct use of physical force is so poor a solution to the problem of limited resources that it is commonly employed only by small children and great nations. – David Friedman1 9.1 The Hobbesian argument for government In the seventeenth century, Thomas Hobbes articulated one of the most influential accounts of the need for government.2 Hobbes begins with the assumption that human beings are motivated entirely by self-interest and that they are of approximately equal mental and physical abilities, such that every individual may pose a serious threat to any other individual.

 

pages: 328 words: 92,317

Machinery of Freedom: A Guide to Radical Capitalism by David Friedman

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back-to-the-land, Fractional reserve banking, hiring and firing, jitney, laissez-faire capitalism, Machinery of Freedom by David Friedman, means of production, rent control, road to serfdom, Ronald Coase, Ronald Reagan, Stewart Brand, The Wealth of Nations by Adam Smith, transaction costs, urban renewal, Vernor Vinge, Whole Earth Catalog

Preference is not Prediction ANARCHIST POLITICS: CONCERNING THE LIBERTARIAN PARTY G.K. CHESTERTON — AN AUTHOR REVIEW APPENDIX 2 MY COMPETITION Fiction Economics Law and Economics Public Policy History Libertarian Ideology The Libertarian Movement Miscellaneous Some More of My Articles that You May (or May Not) Find of Interest Magazines Organizations Institutes Sources THE MACHINERY OF FREEDOM GUIDE TO A RADICAL CAPITALISM second edition David Friedman This book is dedicated to Milton Friedman Friedrich Hayek Robert A. Heinlein, from whom I learned and to Robert M. Schuchman, who might have written it better Capitalism is the best. It's free enterprise. Barter. Gimbels, if I get really rank with the clerk, 'Well I don't like this', how I can resolve it? If it really gets ridiculous, I go, 'Frig it, man, I walk.'

Table of Contents THE MACHINERY OF FREEDOM PREFACE TO THE SECOND EDITION PREFACE TO THE FIRST EDITION ACKNOWLEDGEMENTS INTRODUCTION IN DEFENSE OF PROPERTY IN DEFENSE OF PROPERTY A NECESSARY DIGRESSION LOVE IS NOT ENOUGH INTERLUDE ROBIN HOOD SELLS OUT THE RICH GET RICHER AND THE POOR GET RICHER MONOPOLY I: HOW TO LOSE YOUR SHIRT MONOPOLY II: STATE MONOPOLY FOR FUN AND PROFIT EXPLOITATION AND INTEREST I DON'T NEED NOTHING LIBERTARIAN GRAB BAG OR HOW TO SELL THE STATE IN SMALL PIECES SELL THE SCHOOLS A RADICAL CRITIQUE OF AMERICAN UNIVERSITIES THE IMPOSSIBILITY OF A UNIVERSITY ADAM SMITH U. OPEN THE GATES SELL THE STREETS 99 AND 44/100THS PERCENT BUILT A FIRST STEP COUNTERATTACK MIGHT HAVE BEEN IS WILLIAM F. BUCKLEY A CONTAGIOUS DISEASE? IT'S MY LIFE THE RIGHTS OF YOUTH CREEPING CAPITALISM IF YOU WANT IT, BUY IT SCARCE MEANS FINITE POLLUTION BUCKSHOT FOR A SOCIALIST FRIEND ANARCHY IS NOT CHAOS WHAT IS ANARCHY?

In the second, I examine a series of individual questions from a libertarian viewpoint. In the third, I discuss what a future libertarian society might be like and how it could be achieved. The final section contains new material on a variety of topics added in the second edition. The purpose of this book is to persuade you that a libertarian society would be both free and attractive, that the institutions of private property are the machinery of freedom, making it possible, in a complicated and interdependent world, for each person to pursue his life as he sees fit. IN DEFENSE OF PROPERTY A saint said "Let the perfect city rise. Here needs no long debate on subtleties, Means, end, Let us intend That all be clothed and fed; while one remains Hungry our quarreling but mocks his pains. So all will labor to the good In one phalanx of brotherhood."

 

pages: 1,327 words: 360,897

Demanding the Impossible: A History of Anarchism by Peter Marshall

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agricultural Revolution, anti-communist, Bertrand Russell: In Praise of Idleness, clean water, collective bargaining, colonial rule, David Graeber, feminist movement, garden city movement, hive mind, Howard Zinn, invisible hand, laissez-faire capitalism, land reform, land tenure, Lao Tzu, Machinery of Freedom by David Friedman, Mahatma Gandhi, means of production, Naomi Klein, open borders, Plutocrats, plutocrats, post scarcity, profit motive, Ralph Waldo Emerson, road to serfdom, Ronald Reagan, the market place, union organizing, wage slave, washing machines reduced drudgery

4 Unlike Locke, however, the anarcho-capitalists do not find such a state of nature without a common judge inconvenient or uncertain. They maintain that even the minimal State is unnecessary since the defence of person and property can be carried out by private protection agencies. David Friedman sees such agencies as both brokers of mini-social contracts and producers of ‘laws’ which conform to the market demand for rules to regulate commerce. Each person would be free to subscribe to a protective association of his choice, since ‘Protection from coercion is an economic good’.5 Apart from adumbrating The Machinery of Freedom (1971), Friedman sees capitalism as the best antidote to the serfdom of collectivism and the State. The writings of Ayn Rand, a refugee from the Soviet Union, best represent the intellectual background to the new right-wing libertarianism in the United States.

., p. 258 43 See Murray Bookchin, ‘New Social Movements: The Anarchic Dimension’, For Anarchism, op. cit., pp. 259–74 Chapter Thirty-Six 1 Randolph Bourne, ‘The State’, Untimely Papers (New York: Huebsch, 1919) 2 Franz Oppenheimer, The State (New York: Vanguard Press, 1926), p. 27 3 Albert Jay Nock, Our Enemy the State (1935) (New York: Free Life Editions, 1977), p. 88 4 John Locke, Of Civil Goverment, Second Treatise (1690), op. cit., sec. 123, p. 179 5 David Friedman. The Machinery of Freedom (New York: Harper & Row, 1971), p. 156 6 Murray Rothbard, For a New Liberty: The Libertarian Manifesto, rev. edn. (New York: Collier Books, 1978), pp. 46, 23–24 7 Rothbard, ‘Society without a State’, Nomos, op. cit., pp. 191, 206. See also his Power and Market (Kansas City: Sheed Andrews & McMeel, 1977) 8 Robert Nozick, Anarchy, State and Utopia (Oxford: Basil Blackwell, 1974), pp. 16–17 9 Ibid., p. 160 10 See Stephen L.

Colin Gordon, Les Marshall, John Meplam & Kate Soper (Brighton: Harvester Press, 1980) Fourier, Charles, The Utopian Vision of Charles Fourier, eds. Jonathan Beecher & Richard Bienvenu (Boston: Beacon Press, 1971) Fourier, Charles, Harmonian Society: Selected Writings, ed. Mark Poster (New York: Doubleday, 1971) Freire, Paulo, Pedagogy of Oppressed (1970) (Harmondsworth: Penguin, 1972) Friedman, David, The Machinery of Freedom (New York: Harper, 1971) Friends of Durruti Group, Towards a Fresh Revolution (1938) (Sanday, Orkney: Cienfuegos Press, 1978) Gandhi, Mohandas, The Constructive Programme (Ahmedabad: Navajivan, 1945) Gandhi, Mohandas, Sarvodaya (Ahmedabad: Navajivan, 1954) Gandhi, Mohandas, Democracy: Real and Deceptive (Ahmedabad: Navajivan, 1961) Gandhi, Mohandas, Collected Works (Delhi: Government of India, 1964) Godwin, William, An Enquiry Concerning Political Justice, 2 vols.

 

pages: 589 words: 147,053

The Age of Em: Work, Love and Life When Robots Rule the Earth by Robin Hanson

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8-hour work day, artificial general intelligence, augmented reality, Berlin Wall, bitcoin, blockchain, brain emulation, business process, Clayton Christensen, cloud computing, correlation does not imply causation, demographic transition, Erik Brynjolfsson, ethereum blockchain, experimental subject, fault tolerance, financial intermediation, Flynn Effect, hindsight bias, job automation, job satisfaction, Just-in-time delivery, lone genius, Machinery of Freedom by David Friedman, market design, meta analysis, meta-analysis, Nash equilibrium, new economy, prediction markets, rent control, rent-seeking, reversible computing, risk tolerance, Silicon Valley, smart contracts, statistical model, stem cell, Thomas Malthus, trade route, Turing test, Vernor Vinge

Freitas, Robert, and Ralph Merkle. 2004. Kinematic Self-Replicating Machines. Landes Bioscience. October 30. Fridley, Jason, and Dov Sax. 2014. “The Imbalance of Nature: Revisiting a Darwinian Framework for Invasion Biology.” Global Ecology and Biogeography 23(11): 1157–1166. Friedman, Daniel, and Ryan Oprea. 2012. “A Continuous Dilemma.” American Economic Review 102(1): 337–363. Friedman, David. 1973. The Machinery of Freedom: Guide to a Radical Capitalism. New York: Harper and Row. Friedman, David. 2000. Law’s Order: What Economics Has to Do with Law and Why It Matters. Princeton University Press. Fyfe, W.D. 2011. “8 Simple Rules for Ghosts” March 28. http://wdfyfe.net/2011/03/28/8-simple-rules-for-ghosts/. Galenson, David. 2006. Old Masters and Young Geniuses. Princeton University Press. Garvin, David, and Joshua Margolis. 2015.

I’ve never felt as intellectually isolated or at risk as when writing this book, and I hope my desert days end now, as readers like you join me in discussing The Age of Em. Acknowledgments For their comments, I thank Paul Christiano, Peter Twieg, Katja Grace, Carl Shulman, Tyler Cowen, Fabio Rojas, Bonnie Hanson, Luke Muehlhauser, Nikola Danaylov, Bryan Caplan, Michael Abramowicz, Gaverick Matheny, Paul Crowley, Peter McCluskey, Sam Wilson, Chris Hibbert, Thomas Hanson, Daniel Houser, Kaj Sotala, Rong Rong, David Friedman, Michael LaTorra, Ben Goertzel, Steve Omohundro, David Levy, Jim Miller, Mike Halsall, Peggy Jackson, Jan-Erik Strasser, Robert Lecnik, Andrew Hanson, Shannon Friedman, Karl Mattingly, Ken Kittlitz, Teresa Hartnett, Giulio Prisco, David Pearce, Stephen Van Sickle, David Brin, Chris Yung, Adam Gurri, Matthew Graves, Dave Lindbergh, Scott Aaronson, Gary Drescher, Robert Koslover, Don Hanson, Michael Raimondi, William MacAskill, Eli Dourado, David McFadzean, Bruce Brewington, Marc Ringuette, Daniel Miessler, Keith Henson, Garett Jones, Alex Tabarrok, Lee Corbin, Norman Hardy, Charles Zheng, Stuart Armstrong, Vernor Vinge, Ted Goertzel, Mark Lillibridge, Michael Chwe, Olle Häggström, Jaan Tallinn, Joshua Fox, Chris Hallquist, Joshua Fox, Kevin Simler, Eric Falkenstein, Lotta Moberg, Ute Shaw, Matt Franklin, Nick Beckstead, Robyn Weaving, François Rideau, Eloise Rosen, Peter Voss, Scott Sumner, Phil Goetz, Robert Rush, Donald Prell, Olivia Gonzalez, Bradley Andrews, Keith Adams, Agustin Lebron, Karl Wiberg, Thomas Malone, Will Gordon, Philip Maymin, Henrik Jonsson, Mark Bahner, Adam Lapidus, Tom McKendree, Evelyn Mitchell, Jacek Stopa, Scott Leibrand, Paul Ralley, Anders Sandberg, Eli Lehrer, Michael Klein, Lumifer, Joy Buchanan, Miles Brundage, Harry Beck, Michael Price, Tim Freeman, Vladimir M., David Wolf, Randall Pickett, Zack Davis, Tom Bell, Harry Hawk, Adam Kolber, Dean Menk, Randall Mayes, Karen Maloney, Brian Tomasik, Ramez Naam, John Clark, Robert de Neufville, Richard Bruns, Keith Mansfield, Gordon Worley, Giedrius, Peter Garretson, Christopher Burger, Nithya Sambasivam, Zachary Weinersmith, Luke Somers, Barbara Belle, Jake Selinger, Geoffrey Miller, Arthur Breitman, Martin Wooster, Daniel Boese, Oge Nnadi, Joseph Mela, Diego Caleiro, Daniel Lemire, Emily Perry, Jess Riedel, Jon Perry, Eli Tyre, Daniel Erasmus, Emmanuel Saadia, Erik Brynjolfsson, Anamaria Berea, Niko Zinovii, Matthew Farrell, Diana Fleischman, and Douglas Barrett.

 

pages: 659 words: 203,574

The Collected Stories of Vernor Vinge by Vernor Vinge

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In fact, it’s the endpoint of many good trends of the last five hundred years. I don’t think it could work without a high degree of individual understanding (awareness of where one’s long-term self-interest lies), and a generally tranquil atmosphere; events such as those in this story had better be the exception. If you are interested in a detailed nonfiction analysis of such ideas, I strongly recommend David Friedman’s The Machinery of Freedom. If you’d like to see my future history before and after the time of “The Ungoverned,” there is a prequel novel, The Peace War, and a sequel, Marooned in Realtime. The point I make about nuclear weapons in “The Ungoverned” is more controversial (and hopefully irrelevant). In the twentieth century we lived in fear of proliferation and put what trust we had in nuclear monopolies.