Abstract
The essay has eight chapters. After the first chapter on the architectonics, i.e. on how to set the whole thing up, the second gets right to the core: welfare economics is a contradiction in terms: how can we speak of "welfare" if the purpose is achieved on the basis of coercion. An "enterprise-based public finance" provides the key to redoing the dilemma. Property is often thought of as necessarily private. Yet conventions of professional economists in the US take place in hotels (not motels).1 The point is that hotels provide next to private rooms commons, the defining feature and main point of distinction and competition. The analogy fits federal republics well but may frustrate colleagues working in such centralized environments as the Dutch or French. To top it, Chapter 3 covers parliamentary assemblies as "catallactical arenas".
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