Sent: Thursday, October 10, 2019 3:43 PM
Subject: Implicit contract
I used this with a friend of mine who was using the old “limits to free speech” example of somebody yelling “Fire!” in a crowded theater. I said, when somebody buys a ticket to get in, there is an implicit contract NOT to yell Fire (unless there really is one). If there is indeed a fire, and only you know about it, maybe there’s even an implicit contract to put a small one out, or if it’s too late, yell the warning. A
Good point. I never thought about this in terms of implicit contracts, but, I think you are correct on this.
I devote an entire chapter of this book to that issue:
Block, Walter E. 2008 . Defending the Undefendable. Auburn, AL: The Mises Institute; available for free here: http://mises.org/books/defending.pdf; http://LPColorado.us7.list-manage1.com/track/click?u=4c7a023fc9c237b65e459feaa&id=d38e925ad8&e=2e4a305fd0; http://mises.org/document/3490/Defending-the-Undefendable?utm_source=Ludwig%20von%20Mises%20Institute%20of%20Canada%20Daily%20List&utm_campaign=99baa4361a-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_6c2fea3584-99baa4361a-209944333; John Stossel: http://www.youtube.com/watch?v=0DJ7wFENHkc; http://www.economicpolicyjournal.com/2014/11/friedrich-hayek-playing-chess-with.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+economicpolicyjournal%2FKpwH+%28EconomicPolicyJournal.com%29; http://bit.ly/BlockDefending2; file:///C:/Users/WBlock/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/6I1PKZ08/Defending_the_Undefendable_2018_CS.pdf; https://mises.org/sites/default/files/Defending%20the%20Undefendable_2.pdf
Walter5:20 pm on October 22, 2019 Email Walter E. Block