The Journal of Libertarian Studies

Home | Mises Library | A Note on Corruption by Public Officials: The Black Market for Property Rights

A Note on Corruption by Public Officials: The Black Market for Property Rights

The Journal of Libertarian Studies

Tags Free MarketsInterventionismPrivate Property

07/30/2014Bruce L. Benson

Illegal activities in the private sector arise because the market mechanism is not allowed to perform its allocative functions. Often when government action creates a shortage by preventing the sale of a good or service at a freely determined market price, there are some individuals in the private sector who are willing to both buy and sell on the black market.

Volume 5, Number 3 (1981)

Author:

Contact Bruce L. Benson

Benson is DeVoe L. Moore Professor and Distinguished Research Professor in Florida State University's Department of Economics.

Cite This Article

Benson, Burce L. "A Note on Corruption by Public Officials: The Black Market for Property Rights." Journal of Libertarian Studies 5, No. 3 (1981): 305–311.

Shield icon library