Disclaimer Fiscal policy to improve diets and prevent noncommunicable diseases: Correspondence to Anne Marie Thow email: Bulletin of the World Health Organization ; Fiscal interventions can play a key role in correcting for market failure, particularly when the price of a product does not fully reflect its full social cost.
Are you a statist? Declaring any non-libertarian to be a statist is as silly as declaring any non-tallist to be a shortist. Just as we can judge leaders on their merits and not on their height, so people can judge policies on their merits and not just on whether they increase or decrease the size of the state.
Most of the rest of this FAQ will be an attempt to disprove this idea and assert that no, you really do have to judge the individual policy on its merits.
Do you hate libertarianism? To many people, libertarianism is a reaction against an over-regulated society, and an attempt to spread the word that some seemingly intractable problems can be solved by a hands-off approach. Many libertarians have made excellent arguments for why certain libertarian policies are the best options, and I agree with many of them.
I think this kind of libertarianism is a valuable strain of political thought that deserves more attention, and I have no quarrel whatsoever with it and find myself leaning more and more in that direction myself.
This is the strain which, rather than analyzing specific policies and often deciding a more laissez-faire approach is best, starts with the tenet that government can do no right and private industry can Externalities taxes social insurance and no wrong and uses this faith in place of more careful analysis.
This faction is not averse to discussing politics, but tends to trot out the same few arguments about why less regulation has to be better.
I wish I could blame this all on Ayn Rand, but a lot of it seems to come from people who have never heard of her. I suppose I could just add it to the bottom of the list of things I blame Reagan for. To the first type of libertarian, I apologize for writing a FAQ attacking a caricature of your philosophy, but unfortunately that caricature is alive and well and posting smug slogans on Facebook.
Will this FAQ prove that government intervention always works better than the free market? No, of course not. I believe that deciding on, for example, an optimal taxation policy takes very many numbers and statistical models and other things which are well beyond the scope of this FAQ, and may well have different answers at different levels and in different areas.
What I want to do in most cases is not prove that the government works better than the free market, or vice versa, but to disprove theories that say we can be absolutely certain free market always works better than government before we even investigate the issue. After that, we may still find that this is indeed one of the cases where the free market works better than the government, but we will have to prove it instead of viewing it as self-evident from first principles.
But you never run into Stalinists at parties. At least not serious Stalinists over the age of twenty-five, and not the interesting type of parties.
But the world seems positively full of libertarians nowadays. And I see very few attempts to provide a complete critique of libertarian philosophy. There are a bunch of ad hoc critiques of specific positions: But one of the things that draws people to libertarianism is that it is a unified, harmonious system.
Unlike the mix-and-match philosophies of the Democratic and Republican parties, libertarianism is coherent and sometimes even derived from first principles. The only way to convincingly talk someone out of libertarianism is to launch a challenge on the entire system.
Some of them are good but incomplete. Others use things like social contract theory, which I find nonsensical and libertarians find repulsive. How is this FAQ structured? The first addresses some very abstract principles of economics. They may not be directly relevant to politics, but since most libertarian philosophies start with abstract economic principles, a serious counterargument has to start there also.
The second section deals with more concrete economic and political problems like the tax system, health care, and criminal justice. By having sections dedicated to both practical and moral issues, I hope to make that sort of bait-and-switch harder to achieve, and to allow libertarians to evaluate the moral and practical arguments against their position in whatever order they find appropriate.
Economic Issues The Argument: In a free market, all trade has to be voluntary, so you will never agree to a trade unless it benefits you.
Labor is no different from any other commercial transaction in this respect. So a voluntarily agreed labor contract must benefit both parties, and must do so more than any other alternative. If every trade in a free market benefits both parties, then any time the government tries to restrict trade in some way, it must hurt both parties.
And in a free market, where everyone starts with all options, all the government can do is take options away. This treats the world as a series of producer-consumer dyads instead of as a system in which every transaction affects everyone else.
I did warn you it would be mind-numbingly boring. What is an externality? Suppose for example that I sell my house to an amateur wasp farmer.
Another example of externalities would be a widget factory that spews carcinogenic chemicals into the air.A carbon tax is a form of pollution tax (although carbon dioxide is naturally occurring). Pollution taxes are often grouped with two other economic policy instruments: tradable pollution permits/credits and subsidies.
There is research evidence documenting effective policies that reduce the harm a community incurs from alcohol. These effective policies include influencing accessibility to alcohol, drink-driving enforcement and marketing practices.
An analysis of the policy-making process illustrates contestation within the policy arena similar to that commonly found in comparable jurisdictions.
[This is a repost of the Non-Libertarian FAQ (aka “Why I Hate Your Freedom”), which I wrote about five years ago and which used to be hosted on my website. This chapter describes Transit Oriented Development (TOD), which refers to residential and commercial districts located around a transit station or corridor with high quality service, with good walkability, parking management and other design features that facilitate transit use and maximize overall accessibility.
JSTOR is a digital library of academic journals, books, and primary sources. History of the concept. Two British economists are credited with having initiated the formal study of externalities, or "spillover effects": Henry Sidgwick (–) is credited with first articulating, and Arthur C.
Pigou (–) is credited with formalizing the concept of externalities. Definitions. A negative externality is any difference between the .