BEGINNER

Government

The institution consisting of individuals tasked with the administration of state affairs.  Government officials manage bureaucracy, arbitrate disputes, administrate and delegate power, as well as create regulation and legislation that define rules for those under the government or for the government themselves.  In order to perform these tasks the government maintains the legal monopoly of force under its jurisdiction.

 

Robert McNamara - Truth and Consequences of Government Power

Robert Levy - Big Government

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November 2014

It's been 40 years since F. A. Hayek received his Nobel Prize. His insights, particularly on the distribution of knowledge and the impossibility of economic planning, remain hugely important today. In this issue, we look back on the influence of his work. Max Borders and Craig Biddle debate whether liberty must be defended from one absolute foundation, further reflections on Scottish secession, and how technology is already changing our world for the better--including how robots, despite the unease they cause, will only accelerate this process.
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