Source: Politics, Philosophy & Economics
by Matt Zwolinski
“Are markets coercive? Contemporary debate is dominated by two answers. The first, longstanding among defenders of free markets, holds that voluntary exchange is non-coercive by definition: coercion enters the picture only when rights are violated. The second, revived from Robert Hale’s 1923 essay and embraced today by progressive legal scholars and post-liberal conservatives alike, holds that markets are pervasively coercive because property rights backed by state power constitute a system of mutual coercion. Both answers fail, but the Halean answer fails in the more interesting way.” (05/11/26)