Getting Libertarianism Right
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Chinese Privatization: Between Plan and Market
CHINESE PRIVATIZATION: BETWEEN PLAN AND MARKET LAN CAO* I INTRODUCTION Since 1978, when China adopted its open-door policy and allowed its economy to be exposed to the international market, it has adhered to what Deng Xiaoping called "socialism with Chinese characteristics."1 As a result, it has produced an economy with one of the most rapid growth rates in the world by steadfastly embarking on a developmental strategy of gradual, market-oriented measures while simultaneously remaining nominally socialistic. As I discuss in this article, this strategy of reformthe mere adoption of a market economy while retaining a socialist ownership baseshould similarly be characterized as "privatization with Chinese characteristics,"2 even though it departs markedly from the more orthodox strategy most commonly associated with the term "privatization," at least as that term has been conventionally understood in the context of emerging market or transitional economies. The Russian experience of privatization, for example, represents the more dominant and more favored approach to privatizationcertainly from the point of view of the West and its advisersand is characterized by immediate privatization of the state sector, including the swift and unequivocal transfer of assets from the publicly owned state enterprises to private hands. On the other hand, "privatization with Chinese characteristics" emphasizes not the immediate privatization of the state sector but rather the retention of the state sector with the Copyright © 2001 by Lan Cao This article is also available at http://www.law.duke.edu/journals/63LCPCao. * Professor of Law, College of William and Mary Marshall-Wythe School of Law. At the time the article was written, the author was Professor of Law at Brooklyn Law School. -
Libertarianism, Culture, and Personal Predispositions
Undergraduate Journal of Psychology 22 Libertarianism, Culture, and Personal Predispositions Ida Hepsø, Scarlet Hernandez, Shir Offsey, & Katherine White Kennesaw State University Abstract The United States has exhibited two potentially connected trends – increasing individualism and increasing interest in libertarian ideology. Previous research on libertarian ideology found higher levels of individualism among libertarians, and cross-cultural research has tied greater individualism to making dispositional attributions and lower altruistic tendencies. Given this, we expected to observe positive correlations between the following variables in the present research: individualism and endorsement of libertarianism, individualism and dispositional attributions, and endorsement of libertarianism and dispositional attributions. We also expected to observe negative correlations between libertarianism and altruism, dispositional attributions and altruism, and individualism and altruism. Survey results from 252 participants confirmed a positive correlation between individualism and libertarianism, a marginally significant positive correlation between libertarianism and dispositional attributions, and a negative correlation between individualism and altruism. These results confirm the connection between libertarianism and individualism observed in previous research and present several intriguing questions for future research on libertarian ideology. Key Words: Libertarianism, individualism, altruism, attributions individualistic, made apparent -
Public Choice: Substance Depends Upon Process
Rural Development, Privatization and Public Choice: Substance Depends upon Process James Hite’ Abstract Whether or not privatization facilitates rural development depends upon what rural development means. In practice, rural development often is the result of a struggle between rent defenders and rent seekers. A positivist concept of rural development is proposed, and the institutions of public choice are examined to determine how they might influence privatization decisions. The conclusion is that whether or not privatization improves efficiencyof adjustmentin rural economies depends upon the specifics of political deals required to achieve a particular act of privatization. Key words: privatization, rural development, public choice, rent-seeking Introduction development itself. In attempting to do so, privatization, which is a topic worthy of Privatization is a term applied to a political considerable discussion on its own, receives process whereby local and even state governments somewhat secondary treatment. across the United States spin off certain services to private sector operatives. This term is also applied Summarized briefly, the argument advanced to the process by which the Thatcher government in in this paper is as follows: rural development can the United Kingdom devolved to private investors be thought of positivistically, as well as certain industries previously nationalized by Labor normatively. Positivistically, rural development is an governments, and it is the popular term applied to observable, potentially predictable process of the process of transforming Russia and its former adjustment on the part of rural economies to satellite nations into market economies (Vickers and Schumpeterian change in a market system. It is in Yarrow 1988; 1991). Ostensibly this paper is about the material interest of society that this process of privatization and rural development. -
European Miracle” Warrior Aristocrats, Spirit of Liberty, and Competition As a Discovery Process
SUBSCRIBE NOW AND RECEIVE CRISIS AND LEVIATHAN* FREE! “The Independent Review does not accept “The Independent Review is pronouncements of government officials nor the excellent.” conventional wisdom at face value.” —GARY BECKER, Noble Laureate —JOHN R. MACARTHUR, Publisher, Harper’s in Economic Sciences Subscribe to The Independent Review and receive a free book of your choice* such as the 25th Anniversary Edition of Crisis and Leviathan: Critical Episodes in the Growth of American Government, by Founding Editor Robert Higgs. This quarterly journal, guided by co-editors Christopher J. Coyne, and Michael C. Munger, and Robert M. Whaples offers leading-edge insights on today’s most critical issues in economics, healthcare, education, law, history, political science, philosophy, and sociology. Thought-provoking and educational, The Independent Review is blazing the way toward informed debate! Student? Educator? Journalist? Business or civic leader? Engaged citizen? This journal is for YOU! *Order today for more FREE book options Perfect for students or anyone on the go! The Independent Review is available on mobile devices or tablets: iOS devices, Amazon Kindle Fire, or Android through Magzter. INDEPENDENT INSTITUTE, 100 SWAN WAY, OAKLAND, CA 94621 • 800-927-8733 • [email protected] PROMO CODE IRA1703 REVIEW ESSAY The “European Miracle” Warrior Aristocrats, Spirit of Liberty, and Competition as a Discovery Process F ANDREI ZNAMENSKI hile reading the news, I recently came across a small story with a photo, which produced more than forty thousand reposts and an avalanche of W comments in the Chinese blogosphere. On the way to an appointment, Gary Locke, the newly nominated American ambassador to China, was spotted at the Seattle–Tacoma International Airport by a Chinese American businessman who happened to know him and who snapped and posted on his blog a picture of the ambassador standing at a Starbucks’ counter, buying a cup of coffee and carrying a backpack. -
Bibliography
Bibliography Archival Insights into the Evolution of Economics (and Related Projects) Berlet, C. (2017). Hayek, Mises, and the Iron Rule of Unintended Consequences. In R. Leeson (Ed.), Hayek a Collaborative Biography Part IX: Te Divine Right of the ‘Free’ Market. Basingstoke, UK: Palgrave Macmillan. Farrant, A., & McPhail, E. (2017). Hayek, Tatcher, and the Muddle of the Middle. In R. Leeson (Ed.), Hayek: A Collaborative Biography Part IX the Divine Right of the Market. Basingstoke, UK: Palgrave Macmillan. Filip, B. (2018a). Hayek on Limited Democracy, Dictatorships and the ‘Free’ Market: An Interview in Argentina, 1977. In R. Leeson (Ed.), Hayek a Collaborative Biography Part XIII: ‘Fascism’ and Liberalism in the (Austrian) Classical Tradition. Basingstoke, England: Palgrave Macmillan. Filip, B. (2018b). Hayek and Popper on Piecemeal Engineering and Ordo- Liberalism. In R. Leeson (Ed.), Hayek a Collaborative Biography Part XIV: Orwell, Popper, Humboldt and Polanyi. Basingstoke, UK: Palgrave Macmillan. Friedman, M. F. (2017 [1991]). Say ‘No’ to Intolerance. In R. Leeson & C. Palm (Eds.), Milton Friedman on Freedom. Stanford, CA: Hoover Institution Press. © Te Editor(s) (if applicable) and Te Author(s) 2019 609 R. Leeson, Hayek: A Collaborative Biography, Archival Insights into the Evolution of Economics, https://doi.org/10.1007/978-3-319-78069-6 610 Bibliography Glasner, D. (2018). Hayek, Gold, Defation and Nihilism. In R. Leeson (Ed.), Hayek a Collaborative Biography Part XIII: ‘Fascism’ and Liberalism in the (Austrian) Classical Tradition. Basingstoke, UK: Palgrave Macmillan. Goldschmidt, N., & Hesse, J.-O. (2013). Eucken, Hayek, and the Road to Serfdom. In R. Leeson (Ed.), Hayek: A Collaborative Biography Part I Infuences, from Mises to Bartley. -
A Political Companion to Henry David Thoreau
University of Kentucky UKnowledge Literature in English, North America English Language and Literature 6-11-2009 A Political Companion to Henry David Thoreau Jack Turner University of Washington Click here to let us know how access to this document benefits ou.y Thanks to the University of Kentucky Libraries and the University Press of Kentucky, this book is freely available to current faculty, students, and staff at the University of Kentucky. Find other University of Kentucky Books at uknowledge.uky.edu/upk. For more information, please contact UKnowledge at [email protected]. Recommended Citation Turner, Jack, "A Political Companion to Henry David Thoreau" (2009). Literature in English, North America. 70. https://uknowledge.uky.edu/upk_english_language_and_literature_north_america/70 A Political Companion to Henr y David Thoreau POLITIcaL COMpaNIONS TO GREat AMERIcaN AUthORS Series Editor: Patrick J. Deneen, Georgetown University The Political Companions to Great American Authors series illuminates the complex political thought of the nation’s most celebrated writers from the founding era to the present. The goals of the series are to demonstrate how American political thought is understood and represented by great Ameri- can writers and to describe how our polity’s understanding of fundamental principles such as democracy, equality, freedom, toleration, and fraternity has been influenced by these canonical authors. The series features a broad spectrum of political theorists, philoso- phers, and literary critics and scholars whose work examines classic authors and seeks to explain their continuing influence on American political, social, intellectual, and cultural life. This series reappraises esteemed American authors and evaluates their writings as lasting works of art that continue to inform and guide the American democratic experiment. -
Labor Scarcity, Finance, and Innovation: Evidence from Antebellum America∗
Labor Scarcity, Finance, and Innovation: Evidence from Antebellum America∗ Yifei Mao Jessie Jiaxu Wang SC Johnson College of Business W. P. Carey School of Business Cornell University Arizona State University March 9, 2018 Abstract This paper establishes labor scarcity as an important economic channel through which access to finance shapes technological innovation. We exploit antebellum America, a unique setting with (1) staggered passage of free banking laws across states and (2) sharp differences in labor scarcity between slave and free states. We find that greater access to finance spurred technological innovation as measured by patenting activities, especially in free states where labor was relatively scarce. Inter- estingly, in slave states where slave labor was prevalent, access to finance encouraged technological innovation that substituted for free labor, but discouraged technologi- cal innovation that substituted for slave labor. Keywords: antebellum America, free banking laws, finance and innovation, labor scarcity ∗We thank conference participants at WAPFIN@Stern, and brownbag participants at Arizona State Uni- versity and Cornell University for helpful comments. Contact information, Mao: [email protected]; Wang: [email protected]. 1 Introduction While technological innovation is important for economic growth (Solow, 1957) and firms’ competitive advantage (Porter, 1992), it is difficult to achieve. Pioneered by Schumpeter, a large literature has established a well-functioning financial market as a driver of technological innovation (King and Levine, 1993; Brown, Fazzari, and Petersen, 2009; Hall, 2010; Hsu, Tian, and Xu, 2014; Kerr and Nanda, 2015). However, the role of finance is rarely examined in connection with the fundamental incentive of innovation|reducing production costs. -
Regulation and Deregulation After 25 Years: Lessons Learned for Research in Industrial Organization
Regulation and Deregulation After 25 Years: Lessons Learned for Research in Industrial Organization PAUL L. JOSKOW Elizabeth and James Killian Professor of Economics, MIT, Cambridge, MA 02139 USA. E-mail: [email protected] Abstract. This paper is based on a keynote address given at the 2004 International Industrial Organization Conference in Chicago, April 2004. I draw selectively on the literature from the past 25 years on regulation/deregulation to provide important lessons about the attributes of good research in empirical industrial organization. I. Introduction When I first began doing research on issues related to government regulation of industry in the early 1970s, a significant slice of the economy was subject to some form of government price and/or entry regulation. The affected industries included (a) airlines, (b) trucking, (c) railroads, (d) electric power, (e) natural gas production, (f) pipeline transportation and distribution of natural gas, (g) crude oil and refined petroleum products, (h) cable television, (i) automobile insurance, (j) hospital services, and others. The share of these industries in GDP, while substantial, understates their potential impact on overall economic performance of the economy since they generally supplied important intermediate goods and services to downstream commercial and industrial users. Beginning about 25 years ago legislative and regulatory actions began a process of deregulation, vertical and horizontal industry restructuring and regulatory reform that has now affected, to varying degrees, all of these industries. Many of these industries have been completely transformed during this period of time (e.g. airlines, trucking, and telecommunications). Others are in the midst of more lengthy transitions that involve 2 restructuring and deregulation of major industry segments and the application of new regulatory mechanisms to those segments that continue to be regulated (e.g. -
Reason Papers No
Editor: Tibor R. Machan Managbig Editor: Mark Turiano Executive Editor: Gregory R. Johnson Associate Editors: Walter Block/ Economics Douglas J. Den Uyl/ Philosophy Kelly Dean Jolley/ Philosophy Leonard Liggio/ History Eric Mack/ Philosophy John D. McCallie/ Economics H. Joachim Maitre/ Interrzational Relations Ralph Raico/ History Lynn Scarlett/ Political Science Advisory Board: D. T. Armentanol University ofHartford Yale Brazen/ University of Chicago Nicholas Capaldi/ Urziversity of Tulsa R.L. Cunningham/ University of Sun Francisco John Hospers/ Univmity of Southern Cdlifornia Isreal M. Kirzner/ Nm York University Kenneth G. Luce y/ SUNY College. Fredonia Fred D. Miller, Jr./ Bowling Green State University Herbert Morris/ University of California, Los Angeles Clifton Perry/ Auburn University Paul Craig Roberts/ Georgetown University Morton L. Schagrin/ SUNY College, Fredonia Thomas S. Szasz/ SUNYMedical Center, Syracuse Articles On the Fit between Egoism and Rights ......................Eric Mack 3 Resolving the Tension in Aristotle's Ethic: The Balance Between Naturalism and Responsibility ........ David E. W. Fenner 22 The Irrationality of the Extended Order: The Fatal Conceit of F. A . Hayek ....... Larry ]. Sechrest 38 Special Forum: Rand & Philosophy A Philosopher for the New Millennium? ........ Fred D. Miller. Jr. On Rand as Philosopher ............................... Dough J. Den Uyl Rand and Philosophy (and Capitalism) ..... Douglas B. Rasmussen Ayn Rand's Contribution to Philosophy ....... Neera K. Badhwar What is Living in the Philosophy of AynRand ... Lester H . Hunt Rand and Objectivity ............................................... David Kelly Rand Revisited ...................................... .. ................]. Roger Lee Ayn Rand's Philosophical Significance .................... John Hospers Ayn Rand as Moral & Political Philosopher ..........la n Narveson Discussion Notes Kamhi and Torres on Meaning in Ayn Rand's Esthetics .............................................. -
Mere Libertarianism: Blending Hayek and Rothbard
Mere Libertarianism: Blending Hayek and Rothbard Daniel B. Klein Santa Clara University The continued progress of a social movement may depend on the movement’s being recognized as a movement. Being able to provide a clear, versatile, and durable definition of the movement or philosophy, quite apart from its justifications, may help to get it space and sympathy in public discourse. 1 Some of the most basic furniture of modern libertarianism comes from the great figures Friedrich Hayek and Murray Rothbard. Like their mentor Ludwig von Mises, Hayek and Rothbard favored sweeping reductions in the size and intrusiveness of government; both favored legal rules based principally on private property, consent, and contract. In view of the huge range of opinions about desirable reform, Hayek and Rothbard must be regarded as ideological siblings. Yet Hayek and Rothbard each developed his own ideas about liberty and his own vision for a libertarian movement. In as much as there are incompatibilities between Hayek and Rothbard, those seeking resolution must choose between them, search for a viable blending, or look to other alternatives. A blending appears to be both viable and desirable. In fact, libertarian thought and policy analysis in the United States appears to be inclined toward a blending of Hayek and Rothbard. At the center of any libertarianism are ideas about liberty. Differences between libertarianisms usually come down to differences between definitions of liberty or between claims made for liberty. Here, in exploring these matters, I work closely with the writings of Hayek and Rothbard. I realize that many excellent libertarian philosophers have weighed in on these matters and already said many of the things I say here. -
Capitalism, Social Marginality, and the Rule of Law's Uncertain Fate in Modern Society
University of Colorado Law School Colorado Law Scholarly Commons Articles Colorado Law Faculty Scholarship 2005 Capitalism, Social Marginality, and the Rule of Law's Uncertain Fate in Modern Society Ahmed A. White University of Colorado Law School Follow this and additional works at: https://scholar.law.colorado.edu/articles Part of the Criminal Law Commons, Law and Economics Commons, Rule of Law Commons, and the Social Welfare Law Commons Citation Information Ahmed A. White, Capitalism, Social Marginality, and the Rule of Law's Uncertain Fate in Modern Society, 37 ARIZ. ST. L.J. 759 (2005), available at https://scholar.law.colorado.edu/articles/429. Copyright Statement Copyright protected. Use of materials from this collection beyond the exceptions provided for in the Fair Use and Educational Use clauses of the U.S. Copyright Law may violate federal law. Permission to publish or reproduce is required. This Article is brought to you for free and open access by the Colorado Law Faculty Scholarship at Colorado Law Scholarly Commons. It has been accepted for inclusion in Articles by an authorized administrator of Colorado Law Scholarly Commons. For more information, please contact [email protected]. +(,121/,1( Citation: 37 Ariz. St. L.J. 759 2005 Provided by: William A. Wise Law Library Content downloaded/printed from HeinOnline Sun Apr 30 18:05:56 2017 -- Your use of this HeinOnline PDF indicates your acceptance of HeinOnline's Terms and Conditions of the license agreement available at http://heinonline.org/HOL/License -- The search text of this PDF is generated from uncorrected OCR text. -- To obtain permission to use this article beyond the scope of your HeinOnline license, please use: Copyright Information CAPITALISM, SOCIAL MARGINALITY, AND THE RULE OF LAW'S UNCERTAIN FATE IN MODERN SOCIETY Ahmed A. -
Culturalism Through Public Art Practices
City University of New York (CUNY) CUNY Academic Works Publications and Research John Jay College of Criminal Justice 2011 Assessing (Multi)culturalism through Public Art Practices Anru Lee CUNY John Jay College of Criminal Justice Perng-juh Peter Shyong How does access to this work benefit ou?y Let us know! More information about this work at: https://academicworks.cuny.edu/jj_pubs/49 Discover additional works at: https://academicworks.cuny.edu This work is made publicly available by the City University of New York (CUNY). Contact: [email protected] 1 How to Cite: Lee, Anru, and Perng-juh Peter Shyong. 2011. “Assessing (Multi)culturalism through Public Art Practices.” In Tak-Wing Ngo and Hong-zen Wang (eds.) Politics of Difference in Taiwan. Pp. 181-207. London and New York: Routledge. 2 Assessing (Multi)culturalism through Public Art Practices Anru Lee and Perng-juh Peter Shyong This chapter investigates the issue of multiculturalism through public art practices in Taiwan. Specifically, we focus on the public art project of the Mass 14Rapid Transit System in Kaohsiung (hereafter, Kaohsiung MRT), and examine how the discourse of multiculturalism intertwines with the discourse of public art that informs the practice of the latter. Multiculturalism in this case is considered as an ideological embodiment of the politics of difference, wherein our main concern is placed on the ways in which different constituencies in Kaohsiung respond to the political-economic ordering of Kaohsiung in post-Second World War Taiwan and to the challenges Kaohsiung City faces in the recent events engendering global economic change. We see the Kaohsiung MRT public art project as a field of contentions and its public artwork as a ‘device of imagination’ and ‘technique of representation’ (see Ngo and Wang in this volume).