Study Guide to Man, Economy, and State with Power and Market

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Chapter 5: Binary Intervention: Government Expenditures 225 Technical Matters 1. The “ballots instead of bullets” justification for democracy (p. 1287) was one held by Mises, and relies on the insight of David Hume that all governments ultimately rest on the consent of the governed. Since the majority will ultimately achieve its desired government through revolution if necessary, Mises argued that periodic elections are essential to preserve the peace. (There is thus no presumption here that the majority of voters are likely to make wise decisions.) Rothbard’s somewhat facetious analysis (pp. 1287–91) is simply taking this justification at face value. In other words, Rothbard is questioning whether democratic elections really do give us “what would have happened anyway,” without the need for bloodshed. 2. By saying that the Commerce Department uses the “cost” of a government program as a proxy for level of output, Rothbard simply means that they use expenditure (rather than Kuznet’s taxation) as the measure. This too is vitiated because of the failure to link consumers with payment. On the market, a firm’s expenditures on resources are not related to the satisfaction of consumers if the firm is suffering a loss.
226 Study Guide to Man, Economy, and State with Power and Market Study Questions 1. If government relief encourages poverty, why wouldn’t private charity do the same? (pp. 1257–58) 2. If a politician gives a subsidy to a firm as a means to achieve a consulting position in four years, would that be investment from a praxeological viewpoint? (p. 1259) 3. Why can’t government enterprises use the rule of marginal cost pricing to guide their decisions? (p. 1267) 4. What are the “command posts” controlled by the State? (p. 1270) 5. There are many suggestions for how private owners could, say, maintain adequate stocks of fish in lakes. Why can’t the government just take those ideas and implement them? (p. 1278) 6. Why is “direct democracy” once again feasible? (p. 1284) 7. Why does Rothbard argue that a consistent democrat should favor supremacy of the executive? (p. 1285) 8. Couldn’t the defender of representative democracy claim that voters are ignorant on the issues but can choose wise leaders? (pp. 1285–86)
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STUDY GUIDE TO MAN, ECONOMY, AND ST
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CONTENTS INTRODUCTION . . . . . . .
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In June of 2004, I became convinced
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Introduction ix appropriate, I have
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Chapter Summary In a money economy,
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Chapter 4: Prices and Consumption 4
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Chapter 6: Production: The Rate of
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Chapter Summary This chapter explai
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Chapter 7: Production: General Pric
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Chapter Summary Entrepreneurial pro
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Chapter 8: Production: Entrepreneur
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Chapter Summary Consumer preference
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Chapter 10: Monopoly and Competitio
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Chapter Summary Like all goods, the
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