Palmer on Coase and Hoppe

I've already debunked several Palmer distortions about Hoppe. In Outcome of the Hoppe Case, Palmer repeats the one about "involuntary unemployment" (which I had already explained); and also repeats his uniformed Coase comments, to the effect that Hoppe, Block and Rothbard don't understand Coase.

I have already posted (in Cato, Lessig and Intellectual Property, and Hoppe on Coase) links to several articles by Hoppe, Block, and others that clearly backup their interpretation of Coase. Palmer does not even attempt to address their arguments, but just asserts they are wrong. They are not; the wealth-maximization school does indeed favor judicially allocating property rights based on wealth-maximization considerations, and this has the implications Hoppe et al. ascribe to it.

Others from Block, some available here:

Block, Walter. 1977. "Coase and Demsetz on Private Property Rights," The Journal of Libertarian Studies: An Interdisciplinary Review, Vol. I, No. 2, Spring, pp. 111-115.

Block, Walter. 1995. "Ethics, Efficiency, Coasean Property Rights and Psychic Income: A Reply to Demsetz," Review of Austrian Economics, Vol. 8, No. 2, 1995, pp. 61-125

Block, Walter 1996. "O.J.'s Defense: A Reductio Ad Absurdum of the Economics of Ronald Coase and Richard Posner," European Journal of Law and Economics, Vol. 3, pp. 265-286

Cordato, Roy E. 1989. "Subjective Value, Time Passage, and the Economics of Harmful Effects," Hamline Law Review, Vol. 12, No. 2, Spring, pp.229-244.

Cordato, Roy, E. 1992a. "Knowledge Problems and the Problem of Social Cost," Journal of the History of Economic Thought 14 Fall

Coase, Ronald H. 1960. "The Problem of Social Cost," Journal of Law and Economics, 3:1-44 http://www.sfu.ca/~allen/CoaseJLE1960.pdf; http://64.233.179.104/search?q=cache:uK41D38mFE0J:www.sfu.ca/~allen/CoaseJLE1960.pdf+The+Problem+of+Social+Cost&hl=en

Cordato, Roy E. 1992b. Welfare Economics and Externalities in an Open-Ended Universe: A Modern Austrian Perspective, Boston: Kluwer

Krecke, Elisabeth. 1996. "Law and the Market Order: An Austrian Critique of the Economic Analysis of Law," Journal des Economistes et des Etudes Humaines 7(1), March, pp.19-37;

Commentaries on Law&Economics, 1997 Yearbook, ed., Robert W.McGee, pp.86-109.

North, Gary. 1990. Tools of Dominion: The Case Laws of Exodus, Tyler, TX: Institute for Christian Economics.

North, Gary. 1992. The Coase Theorem, Tyler, TX: The Institute for Christian Economics

North, Gary. 2002. “Undermining Property Rights: Coase and Becker,” The Journal of Libertarian Studies: An Interdisciplinary Review, Vol. 16, No. 4, Fall, pp. 75-100.
Rothbard, Murray N. 1982. "Law, Property Rights, and Air Pollution," Cato Journal, Vol. 2, No. 1, Spring; reprinted in Economics and the Environment: A Reconciliation, Walter Block, ed., Vancouver: The Fraser Institute, 1990, pp. 233-279. http://www.mises.org/rothbard/lawproperty.pdf

Stringham, Edward. 2001. "Kaldor-Hicks Efficiency and the Problem of Central Planning," Quarterly Journal of Austrian Economics, Vol. 4, No. 2, Summer, 41-50. http://www.qjae.org/journals/qjae/pdf/qjae4_2_3.pdf