As an economics professor, I often witness the surprise of my students when I explain how something as important as the market for food or clothing is self-regulating. True, there are quality and safety regulations that attempt to control potential hazards “around the edges” of these vital markets, … [Read more...]
The Rural Libertarian As A Historical Anomaly
People in the American Midwest are said to be on average more conservative and more libertarian than people who live on the East and West Coasts. And that in turn is because people in rural areas are said to be more strongly tied to the traditions of individualism and self-reliance than those in big … [Read more...]
Are “Charter Cities” a Solution?
Stanford economist Paul Romer has proposed an intriguing concept: the “charter city.” A charter city is a newly created city governed by a country other than the one within whose borders it exists. Its residents would remain citizens of the home country. Romer offers Hong Kong as an example when … [Read more...]
Is There a “Libertarian Architecture”?
I sometimes ask myself if there is a “libertarian architecture” when thinking about what a purely libertarian culture — one that has been free from government intervention long enough to flourish — would look like. Not something I can answer in several hundred words, but let me begin. By … [Read more...]
Urban Mass Transit Out Of Suburban Sprawl
The economist F.A. Hayek explained why it’s impossible for human reason to successfully design complex systems such as markets or language. One can’t simply say, “Hey, I’d like to invent a Germanic language that does away with those troublesome genders and inflections but has plenty of Latin- and … [Read more...]
China’s “Planned Capitalism” Kills Wealth
Sometimes, prosperity is an illusion. The massive building boom in the People’s Republic of China is creating outer signs of affluence, but there isn’t enough demand to put residents in the new homes. As in many similar urban projects across the country, the Chinese government has been … [Read more...]
Private Neighborhoods And The Transformation Of Local Government
Urban Institute Press • 2005 • 494 pages • $32.50 paperback In Private Neighborhoods and the Transformation of Local Government, Robert H. Nelson effectively frames the discussion of what minimal government might look like in terms of personal choices based on local knowledge. He looks at the … [Read more...]
The Urban Origins of Liberty
In The Road to Serfdom, F. A. Hayek tells us that intellectuals and governments in the twentieth century tragically abandoned the road to liberty in pursuit of collectivist utopias. That road stretched at least as far back as the democratic polis of ancient Greece, but it was not always straight … [Read more...]