Veblen on Iceland

[cross-posted at Austro-Athenian Empire]

Check out Thorstein Veblen on Icelandic anarchy; conical hat tip to Joel Schlosberg, who sent it to me with the following note:

Here’s an interesting passage from Thorstein Veblen’s 1917 book An Inquiry Into The Nature Of Peace And The Terms Of Its Perpetuation, chapter 1, pp. 9-14 (available at Project Gutenberg at <http://www.gutenberg.org/etext/20694> – in fact, I came across this passage while proofing the book for PG at Distributed Proofreaders). Even though he’s hostile to it and sees it as a failure, he describes it pretty clearly – just to prove that Icelandic anarchy wasn’t the wishful thinking of modern anarcho-capitalists.