Walter Block’s book “Defending the Undefendable” is a thought-provoking and controversial work that challenges the reader’s beliefs on victimless crimes and economic practices that are often looked down upon. While the book defends practices such as profiteering, gouging, and blackmail, it also serves as an excellent microeconomic theory that explains how economic forces work in everyday situations.
The book is divided into chapters, each defending a different practice or profession that is often criticized by society. From drug dealers and prostitutes to speculators and ticket scalpers, Block argues that these people provide valuable services to society and should not be criminalized. He goes on to explain the economic principles behind these practices and how they benefit both the provider and the consumer.
One of the most interesting aspects of the book is how it challenges the reader’s beliefs on what constitutes victimless crimes. For example, Block argues that while blackmail may seem unethical, it is not actually a crime because the blackmailer is providing valuable information to the victim, who can then use it to prevent harm. Similarly, he argues that gouging during a crisis is not only ethical but necessary, as it helps to allocate resources efficiently and ensure that those who need them the most are able to obtain them.
However, while the book may be controversial, it also serves as an excellent primer on microeconomics. Block uses real-world examples to explain economic concepts such as supply and demand, opportunity cost, and competition. He also shows how these concepts apply to everyday situations, from buying a cup of coffee to choosing a career path.
Overall, “Defending the Undefendable” is a fascinating read that challenges the reader’s assumptions and provides a unique perspective on controversial practices. It is also an excellent introduction to microeconomic theory, making it a valuable resource for anyone interested in economics or looking to expand their understanding of how economic forces work in the real world.