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To: Right Wing Professor
So much for RussP's economically ignorant contention that markets require governments.

A further example -- and perhaps the best -- is the Law Merchant (or or Lex Mercatoria for those who want a touch of class). It was a spontaneous, self-organized, and non-governmental mechanism for the conduct of markets.

92 posted on 01/06/2006 7:09:53 AM PST by PatrickHenry (Virtual Ignore for trolls, lunatics, dotards, scolds, & incurable ignoramuses.)
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To: VadeRetro

See above.


93 posted on 01/06/2006 7:10:17 AM PST by PatrickHenry (Virtual Ignore for trolls, lunatics, dotards, scolds, & incurable ignoramuses.)
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To: PatrickHenry

Law Merchant

Thanks, I'd never heard of that (and I'm in the midst of reading Tuchman's "Distant Mirror")


148 posted on 01/06/2006 7:23:40 PM PST by Virginia-American
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