Profiles

Regulation is simply the way in which self-interested public officials provide benefits to self-interested individuals who form interest groups. This is as true in land use as in anything else.

Our modern reliance on government to make law and establish order is not the historical norm.

Mises convincingly argues that, given the existence of the long-run objectives instilled by private property rights, cooperation in the form of division of labor and trade emerge naturally; and therefore, under these circumstances, "there is no need to enforce cooperation by special orders or...

The Review of Austrian Economics, Vol. 5, No. 1 (1991)