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Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. All rights reserved Printed in the United States of America 10 9 8 7 6 5 4 3 2 1 Library of Congress Cataloging-in-Publication Data De Jasay, Anthony, 1925- Political economy, concisely: essays on policy that does not work and markets that do / Anthony de Jasay; edited and with an introduction by Hartmut Kliemt. He displays an affinity for British classical liberalism, particularly for David Hume, but keeps his distance from the Utilitarians.A longtime resident of France, Jasay shares Bastiat’s encounters with the perversities of the centralized state.According to Jasay, this widely accepted view of property rights, proclaimed even by such staunch defenders of freedom as Armen Alchian, implicitly conveys that property is held at society’s pleasure, by its grace and favor.Society can withdraw any or all of the detachable “rights” to property just as it has conferred them.


Individuals who manage to capture the state machinery will use it for their own exploitative purposes.Jasay’s view of the normative force of conventions is obviously in certain aspects similar to Hayek’s endorsement of common law, which is not the outcome of deliberate enactment.


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