The Journal of Libertarian Studies

The Marginal Efficiency of Capital: A Comment

JournalsJanuary 30, 2015
ABSTRACT: The impact of interest rates on investment choices is a key element in both Keynesian and Austrian theories of the business cycle. Fuller (2013) compares the Keynesian Marginal Efficiency of Capital approach to the Austrian Net Present Value approach, claiming that the two give different...

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Rejoinder to Hoppe on Immigration

JournalsJanuary 1, 2011
The present paper is the continuation of an intra-libertarian debate over immigration.

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Terri Schiavo

JournalsJanuary 1, 2011
The case of Terri Schiavo is almost as controversial as it is tragic.The controversy? Her husband is adamant that the doctors pull the plug on Terri, and her parents are just as determined to keep her alive.

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Contra Spooner

JournalsJuly 31, 2006
The inability of modern philosophers to furnish any kind of argument for the maintenance of a government is a notorious weakness. In Lysander Spooner's writings, it becomes an odd strength. Throughout such writings as No Treason, A Letter to Thomas F. Bayard , and "Natural Law,"...

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Punishment and Proportionality: the Estoppel Approach

JournalsMarch 1, 1998
No doubt punishment serves many purposes. It can deter crime and prevent the offender from committing further crimes. Punishment can even rehabilitate some criminals, if it is not capital. It can satisfy a victim’s longing for revenge, or his relatives’ desire to avenge. Punishment can...

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The Journal of Libertarian Studies

Why Race Matters: A Preview

JournalsFebruary 26, 1996
The Journal of Libertarian Studies , Volume 12, Number 2 (Fall 1996)

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The Dynamics and Dialectics of Capitalism

Journals
Free societies (whatever the fine points in defining "free") are not necessarily self-perpetuating. An understanding of this has underlain many of the attempts — past and present — to clarify the nature of a capitalist economy — both its dynamics in furthering what has...

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Monetary History of America to 1789: A Historiographical Essay

Journals
In no other field is the crucial importance of theory to history more obvious than in the field of economic history. One's knowledge of the concrete historical events may remain unchanged, but if the economic theory applied to those events is altered, then one's entire historical...

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Free Thought and Free Trade: The Analogy Between Scientific and Entrepreneurial Discovery Processes

Journals
To state with precision and force the economic and moral imperative of the free market has been of the utmost concern to some of civilization's foremost thinkers. From the early writings of the classical political economists and moral philosophers, to the most recent works of modem authors, the...

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American Isolationism, 1939-1941

Journals
The isolationist tradition in America, as it was manifested from 1939 to 1941, was based on two fundamental doctrines: avoidance of war in Europe and unimpaired freedom of action. Isolationism differs from pacifism (a refusal to sanction any given war), and one could call for strong national...

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