tsuomela + contracts   11

Coercion vs. Freedom: BHL vs. BRG (Happy 4th of July!) — Crooked Timber
"But getting into the empirical weeds like this gives the game away. Actually existing libertarianism is not a philosophy of ‘I wonder what will maximize freedom-as-non-coercion. It’s complicated, but whatever it is, I’ll do it.’ Libertarianism isn’t a philosophy that blows different directions in the shifting winds of the labor market – coming out against unions when they get bloated and corrupt and exclusive but turning against management and capital when they are, as they certainly may be, objectively greater threats to freedom than any actually existing labor union. Actually existing libertarianism is the philosophy of treating as axiomatic that maximizing contract/property rights is tantamount to maximizing freedom. But, even if this happens to be contingently correct, in some circumstances – even in many circumstances – treating contingent truths as axioms is very confused."
libertarianism  coercion  business  contracts  economics  freedom  mistakes  from delicious
july 2012 by tsuomela
Interview with Interfluidity’s Steve Waldman: “The government has chronically oversubsidized mortgage lending and homeownership”
The financial industry has changed the economic and legal landscape surrounding consumer lending so that it simply bears no resemblance at all to interpersonal loans among people of good will in continuing relationships. But those are the norms they ask borrowers to adopt with respect to repayment. That act, demanding others act in accordance with standards from which one exempts oneself, is morally offensive. In a society which, despite economic difference, accepts no social class, ones moral obligation is to behave towards others as others must behave towards you. It is clear that, in general, banks and the special purpose entities that increasingly replace them treat their transactions with borrowers as hard-nosed business arrangements which they are willing to pursue on adversarial terms when doing so is in their interest. Borrowers should do the same. To do otherwise is to reward the cynical immorality of others, which serves no social good.
economics  ethics  morality  contracts  finance  business  debt 
january 2010 by tsuomela
How Supposed Free-Market Theorists Destroyed Free-Market Theory « The Baseline Scenario
The greatest lesson from the crisis that we haven’t yet learned is that “industry interests” and “free-market interests” are not the same. In fact, they are more like oil and water, as the industry profits most in the absence of true market competition. And so it should be no surprise that Wall Street has devoted itself to making contracts indecipherable, building boundless negotiating leverage and fighting for favorable breaks and regulation at every turn. What should be a surprise is that the same scoundrels that killed our markets (and also, mind you, wrecked the global economy and demanded taxpayer bailouts) have so ably sold themselves as natural heirs to von Hayek ­and Friedman — and that so many of us have let them.
economics  crisis  finance  regulation  free-markets  ideology  contracts  law  obscurity  understanding 
january 2010 by tsuomela
Interfluidity :: Contracts are not bilateral
Binding contracts involve an implicit third party, the state which (through its courts system) stands ready to enforce the terms of private arrangements. The state is not, and cannot be totally neutral in its role as contract enforcer: Communication between contracting parties is always imperfect
economics  contracts  law  enforcement  capitalism  markets  financial-engineering  derivatives  libertarian 
april 2009 by tsuomela
NO!SPEC
The NO!SPEC campaign: Serves as a vehicle to unite those who support the notion that spec work devalues the potential of design and ultimately does a disservice to the client.
design  art  business  crowdsourcing  contracts  freelance 
june 2007 by tsuomela
Welcome to ERights.Org
Programming language to write distributed applications that have security and contract aspects built-in. Java and Lisp modules already built.

Welcome toERights.org,home ofE,the secure distributed pure-object platformand p2p scripting languagefor writi
security  programming  language  p2p  distributed  economics  contracts 
november 2006 by tsuomela
Welcome to ERights.Org
Programming language to write distributed applications that have security and contract aspects built-in. Java and Lisp modules already built.

Welcome toERights.org,home ofE,the secure distributed pure-object platformand p2p scripting languagefor writi
politics  security  programming  language  p2p  distributed  economics  contracts 
november 2006 by tsuomela

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