Quarterly Journal of Austrian Economics
Review of Private Governance: Creating Order in Economic and Social Life by Edward P. Stringham
Leave people alone, and they will figure things out. This simple thesis, the heart of Edward Stringham’s Private Governance, is the touchstone for a myriad of examples from history and the present demonstrating that individuals, and not the state, are best suited for the complicated work of enterprise and ordered liberty.
In fourteen crisply-written chapters divided into three main parts, Stringham takes us on a brisk tour through the theoretical underpinnings of private governance, the ways in which private associations have developed extraordinarily sophisticated systems for regulating their own endeavors, and a more abstract consideration of how, philosophically and economically, private governance is superior to other state-heavy approaches to the complexity and interconnectedness of modernity.
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Cite This Article
Morgan, Jason, "Review of Private Governance: Creating Order in Economic and Social Life by Edward P. Stringham," Quarterly Journal of Austrian Economics 19, no. 3 (Fall 2016): 297–301.