Principles For A Free Society: Reconciling Individual Liberty With The Common Good - Hardcover

Epstein, Richard A.

Hardcover

ISBN 10: 0738200417 ISBN 13: 9780738200415

Publisher: Basic Books, 1998

Synopsis

As government budgets come under political fire and free-market ideals spread, the legal and social principles of libertarian thought continue to grow in popularity and relevance. It is particularly timely, then, that Richard Epstein, one of our country's most distinguished legal scholars, here sets out an authoritative set of principles that explains both the uses and the limits of government power. Blending his deep knowledge of classical political theory and legal history with modern economic thought, he considers a wealth of timely topics: the use of norms and customs in setting legal rules; the appropriate spheres for both private and common property for such diverse resources as water and telecommunications; the dark side of altruism in driving collective behavior; and the relative merits of public and private assistance to the poor. Drawing on the work of multiple disciplines, Principles for a Free Society offers a thoroughly realized blueprint to guide us through political conflict in the troubled times ahead.

About this title

Review:

The term common good makes libertarians cringe, because they view it as a catch-all excuse for governments to increase the power of the state. America's foremost libertarian legal mind, Richard Epstein, addresses these worries, acknowledging a tension between personal freedom and social goals, while suggesting that they can be mutually reinforcing: "Laissez-faire is best understood not as an effort to glorify the individual at the expense of society, but as the embodiment of principles that, when consistently applied, will work to the advantage of all (or almost all) members of society simultaneously."

Epstein is a powerful reasoner, and even skeptical readers will find themselves slowly drawn down a libertarian path. Principles for a Free Society contains a storehouse of detailed information about human nature and the motives of state authority. Epstein deserves a place on the bookshelf beside Friedrich Hayek and Milton Friedman. --John J. Miller

From Publishers Weekly:

A truism of academe is when faced with a dilemma, make a distinction. Epstein, professor of law at the University of Chicago and author of Mortal Peril: Our Inalienable Right to Health Care?, follows this advice in trying to reconcile individual liberty and the common good. In lucid, readable prose he argues that the two are compatible, provided that certain distinctions and qualifications are made. Epstein spends considerable time explicating the laissez-faire doctrine, insisting that it need not glorify the individual at the expense of society: when applied pragmatically rather than dogmatically, it maximizes the welfare of all. Epstein realizes, of course, that the Achilles heel of the free-market system is the inequitable distribution of wealth, but he believes that a "voluntary redistribution" will solve the problem, although "it will always leave some individuals short." Similarly, he says, it's "always painful to deny recovery for an individual in need" but we don't want a system that encourages self-destructive behavior. At this point one suspects that Epstein's book does not reconcile freedom and equality so much as champion laissez-faire capitalism with some limitations. One also wonders whether he shouldn't care more that Adam Smith's unseen hand can become the unseen foot, kicking those who are down.
Copyright 1998 Reed Business Information, Inc.

About this edition

• Publisher: Basic Books
• Publication date: 1998
• ISBN 10: 0738200417
• ISBN 13: 9780738200415
• Binding: Hardcover
• Number of pages: 384