From: Walter Block <[email protected]>
Sent: Monday, November 30, 2020 6:33 PM
To: ‘Jon Trollston’
Subject: RE: Private law and international trade.
Dear Jon:
That’s quite a few good questions.
All voluntary trade is mutually beneficial in the ex ante sense, intra national or international. It would bring costs down since there’d be more goods and services, thanks to a greater specialization and division of labor. Under anarcho capitalism transactions and all other costs would be lower than under statism and central planning. I presume payment could be made in whatever the free enterprise money is: gold, crypto currency, or something else.
Best regards,
Walter
From: Jon Trollston
Sent: Thursday, November 26, 2020 9:35 AM
To: Walter Block <[email protected]>
Subject: Private law and international trade.
Hello mister block, i am looking for sources on how costs would be distributed concerning international trade in a private law society.
My question is would we expect to see higher costs at say the post office? Given that the government would no longer produce law and police? Would it be the case that whatever firm protects me would communicate with whatever firm protects the seller or buyer in the case of a dispute? Would this even be feasible in terms of transaction costs? What are the costs that all participants are bearing here for this transaction to happen? Am i correct in assuming the issue of payment is a non issue? Given that we can bring in a website like paypal or some other form of escrow like it’s done with crypto payments.
Thank you in advance.
6:03 am on April 13, 2021
