Mises Daily
Author:
Ralph Raico
Online Publish Date:
of predatory government tax behavior” and “the limits to arbitrariness set by a competitive political arena” (Jones 1987, xix, xxi). Over time, property rights — distinctive characteristic of the Western legal tradition is the coexistence and competition within the same community of diverse legal systems. It is this plurality in turn, provided a negative demonstration effect that played a potent role in the policy choices of other countries. The theme of the autonomy of the market and the