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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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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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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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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Authority: H.L.A. Hart and the Problem with Legal Positivism

Journals
The major claim in this paper is that there is a distinct ambiguity in the way in which H. L. A. Hart employs the concept of authority in his account of the nature of law. It is a flaw in Hart's thesis that surprisingly few philosophers of law have detected. Perhaps this is because they share...

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J.S. Mill: The Utilitarian Influence in the Demise of Laissez-faire

Journals
The period which encompasses, roughly, the years from 1836 to 1870, was the critical one for political economy as conceived by Adam Smith. It was at this juncture that some of the inconsistencies in the doctrine of the Classical Economists of the earlier years came to be questioned, that certain...

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Nations by Consent: Decomposing the Nation-State

Journals
Libertarians tend to focus on two important units of analysis: the individual and the state. And yet, one of the most dramatic and significant events of our time has been the re-emergence—with a bang—in the last five years of a third and much neglected aspect of the real world, the...

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Guns for Protection, and Other Private Sector Responses to the Government's Failure to Control Crime

Journals
Several years ago, in an episode of "All in the Family ," Archie Bunker proposed a possible solution to the airline highjacking problem. He suggested that the government should arm all the passengers. Potential highjackers, fearing for their lives when confronted by a hundred or so armed...

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