Tuesday, June 28, 2016

Walter Block on Don Boudreaux: The Consumer vs. Individual Sovereignty

Walter Block emails:

Dear Bob:

I'm a BIG fan of Don Boudreaux's. His numerous essays on the min wage are nothing less than MAGNIFICENT. Ditto, his views on free trade. But, he goes off the rails in this essay of his: http://www.economicpolicyjournal.com/2016/06/pity-french-consumer-and-worker.html

Here, he erroneously supports the idea of consumer as opposed to individual sovereignty.

Murray Rothbard's critique of this doctrine in Man, Econ and State is the corrective for Don's error here.

Best regards,


Walter E. Block, Ph.D.
Harold E. Wirth Eminent Scholar Endowed Chair and Professor of Economics
Joseph A. Butt, S.J. College of Business
Loyola University New Orleans

1 comment:

  1. I have to side with Walter Block. Free markets do not favor consumers over producers, or vise versa. Both are free to thrive or fail miserably.

    Thanks for posting this. I'm probably amoung a minority of libertarians who have not read Rothbard's book, so I ordered it from Amazon. The Kindle addition is only $4.50. It remains to be seen whether I will get $4.50 in value, but that is completely irrelevant in a free market.