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Spring 2007

ISSN 0890-913X

Volume 22, Number 2

Categories: Law | Spring 2007

Law and Order Without Coercion

G. Marcus Cole, Stanford Law School

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JournalofPrivateEnterprise,SpecialIssue,VolumeXXII,Number2,Spring2007LawandOrderWithoutCoercionG.MarcusCole'StanfordLawSchoolMuchofthecontemporarydiscussionregardinglawandpublicpolicyfocusesonhowgovernmentoughttoaddressimportantissues.Fromglobalwarmingtotechnologicalinnovationtocorporatefinance,votersandpolicy-makersalikesharethebeliefthatthetoolsofgovernmentoughttobebroughttobearonalloftheimportantmattersofourtimes.Virtuallynoattentionisgivenpublicpolicydebates,however,tothequestionof2vhethergovernmentoughttoaddresstheseimportantissues.Infact,thelargerandmorecomplextheissue,themorepolicy-makersandopinionleadersassumethatgovernmentprovidestheonlymechanismforaddressingsuchconcerns.Twotypesof"marketfailure,"inparticular,commonlyserveasjustificationsforgovernmentalinterventionintoandregulationofotherwiseprivatemarketsandmatters.Privatemarketmechanismsaresaidtofailwheresocietyseekstheprovisionofwhatarecommonlycalled"publicgoods,"andalsowherethecooperationoflargegroupsofindividualsarenecessaryinordertoaccomplishsometask.Theselatterproblems,frequentlytermed"collectiveaction"problems,cancoincidewiththeproblemof1IwouldliketothankRandyBarnett,BruceBenson,PeterBoettke,StevenHorowitz,PeterLeeson,EdwardLopez,TomG.Palmer,CarmenPavel,MarshallStocker,EdwardStringham,JeffStrnad,andparticipantsatCatoUniversityinSanDiego,aswellastheAnnualMeetingoftheAssociationforPrivateEnterpriseEducationinLasVegas,forhelpfulcommentsatearlierstagesinthelifeofthisarticle.SpecialthanksarereservedforDavidThompson,whoprovidedmewithinsightfulandconscientiousresearchassistance.G.MarcusCole37

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Metadata [hide]

Title	Law and Order Without Coercion
Authors/Creators:	G. Marcus Cole, Stanford Law School
Year:	2007
Volume:	22
Number:	2
Pages:	37 - 70
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	Law, Rule of law, Government policy, Government, Public Ownership, Private ownership, Freedom, Political Power

Citation:
Cole, G. Marcus / 2007. "Law and Order Without Coercion." The Journal of Private Enterprise, 22(2): 37-70.