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Spring 2019

ISSN 0890-913X

Volume 34, Number 1

Categories: Spring 2019 | Libertarianism

Government vs. Governance: Libertarianism and Private Communities

Michael Makovi, Texas Tech University

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TheJournalofPrivateEnterprise34(1),2019,39–57Governmentvs.Governance:LibertarianismandPrivateCommunitiesMichaelMakovi�TexasTechUniversity______________________________________________________AbstractLibertarianstendtoopposehierarchicalauthorityandadvocatetheprivatizationofpublicgoods.However,notallcollectiveactionproblemscanbesolvedsoeasily;collectiveproblemsmayrequirecollectivesolutions.Fortunately,theessenceofthemarketprocessisnottheatomicindividual,butconsent.Libertariansshouldendorsehierarchical,bureaucraticsolutionsaslongasmembershipisvoluntary.Iprovideageneraltheoryoftheproprietarycommunityasasolutiontocollectiveactionproblems.Suchacommunityembodiesconsent,jurisdictionalcompetition,andresidualclaimancy(incentivealignment),mitigatingcollectiveactionproblemsinahierarchicalandconsensual—butneverthelessmarket-based—manner.______________________________________________________JELCodes:H11,H41,D71Keywords:privatecommunity,proprietarygovernance,homeownersassociation,anarchism,anarcho-capitalismI.IntroductionLibertariansmaybethoughttobeinveterateopponentsofauthorityandhierarchy.Afterall,theydemandfreedom.Typically,economistsarguethatgovernmentisnecessarytoprovidepublicgoods.Libertarianstendtoreplythat(nearly)everypublicgoodcanbeprovidedprivatelybythefreemarket.Whowillbuildtheroads?Why,themarketwill!However,noteverypublicgoodcanbeprivatizedsoeasily.Collectiveactionproblemsarereal.Andcollectiveproblemsmayrequirecollectivesolutions.Pennington(2011,pp.233–35)notesthat“veryfew[collectivegoods]arecompletelyindivisibleinsupply”and“mostareterritorial.”Hearguesthata“simplisticformof‘privatization’whereresourcesaresimplyparceledouttoindividual�Ithankmyprofessor,AlexanderSalter,forreadingandcommentingonadraft.Thispaperwaspresentedatthe2018meetingoftheAssociationofPrivateEnterpriseEducation.Allmistakesaremine.

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Metadata [hide]

Title	Government vs. Governance: Libertarianism and Private Communities
Authors/Creators:	Michael Makovi, Texas Tech University
Year:	2019
Volume:	34
Number:	1
Pages:	39 - 57
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	private community, proprietary governance, homeowners association, anarchism, anarcho-capitalism

Citation:
Makovi, Michael / 2019. "Government vs. Governance: Libertarianism and Private Communities." The Journal of Private Enterprise, 34(1): 39-57.