Rights: The Outcome of a Market Exchange


—“So, I am thinking of rights not as a naturally-occurring phenomenon that the Rothbardians assert it to be, but the end result of a market exchange between those demanding privileges and those able to supply the defense of those privileges. That is why rights are not absolute (you cannot yell “fire” in a movie theater, cannot use speech to engage in a criminal conspiracy, cannot own certain classes of weapons, etc.) and it is the meeting of the demand for privileges by the citizenry and the supply of defense by the sovereign (with both sides negotiating for their interests and settling on a compromise) that is the actual right. The right is the outcome of this market exchange.”— A Friend


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