The Journal of Libertarian Studies
A Note on Corruption by Public Officials: The Black Market for Property Rights
Tags Free MarketsInterventionismPrivate Property
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)
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.