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Review of Private Governance: Creating Order in Economic and Social Life by Edward P. Stringham

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Tags Free MarketsPolitical Theory

01/12/2017Jason Morgan

Quarterly Journal of Austrian Economics 19, no. 3 (Fall 2016): 297–301

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.

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

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.

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