Harold Demsetz alter Block has absorbed 64 pages of The aev/ew of ustrian Econoraics I to attack a 19-page paper I wrote. 2 This is his second outburst. The first, to which my 1979 paper was partly a response, ap- peared in The Journal of Libertarian Studies? Block should have put this matter behind him rather than stewing over it for the 16 years between his current reply and my 1979 paper. I learn nothing from reading his part of this debate, and apparently he learns nothing from reading my part, so I write this reluctantly and refuse to join in any future similar exercise in futilit~ In my response to his first paper, I wrote both about the error in his economics and the naivet6 in the moral positions he took. I invite the reader to consult the above-referenced papers if he or she desires to know more about the moral issue. My intent here is to write briefly and to confine my comments to the central economic arguments Harold Demsetz is professor emeritus of economics at the University of California, Los Angeles. 1Walter Block, "Ethics, Efficienc~ Coasian Property Rights, and Psychic Income: A Reply to Demsetz," Review
The Review of Austrian Economics – Springer Journals
Published: Nov 27, 2006
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