An Evaluation of Private Governance: Creating Order in Economic and Social Life

The ideological foes of Edward Stringham’s book Private Governance: Creating Order in Economic and Social Life are many. Principally, it is an argument against the “legal centrist” mentality, according to Stringham, the practitioners of which are bound to place the role of the state as central to private economic transactions and exchanges. They look to legislation to create the rules for markets, and believe that markets can only expand and broaden once these rules are clearly established by means of central planning. He dedicates the book, even, to the legal centrists of “all parties.” It’s a warped notion that befalls […]