On Friday July 15th, Professor David D. Friedman of Santa Clara University gave a presentation entitled “Market Failure Considered as an Argumen...Read more
Energy & Enviroment
On Friday July 15th, Professor David D. Friedman of Santa Clara University gave a presentation entitled “Market Failure Considered as an Argument both for and Against Government”. Professor Friedman is one of the leading libertarian thinkers in the USA and, together with Murray Rothbard, the most influential proponent of so-called anarcho-capitalism.
Before Friedman’s presentation, Professor Florian Biermann of ISET gave an introduction to libertarian political and economic ideologies and clarified some terms and concepts that later came up in Professor Friedman’s presentation. Professor Friedman himself started his presentation by briefly explaining the concept of market failure and showed that it provides arguments against both private markets and any political alternatives.