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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Sovereign State at Bay

Journals
Among serious readers of his work, Carl Schmitt (1888-1985) is known as an analyst of the European sovereign state. Prom the 1920s on he wrote extensively on this entity, examining the historical context that gave rise to it and the legal arrangements it incorporated. He viewed the sovereign state...

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Conservation, "X-Inefficiency" and Efficient Use of Natural Resources

Journals
The early conservation movement in the United States was initiated by Theodore Roosevelt in 1908 when he called together a conference of state governors. The premise of the conservation movement, sometimes pointed to as Roosevelt's most lasting achievement, was that natural resources are being...

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Enforced Equality Or—Justice?

Journals
In the Preface to me Mirage of Social Justice, the second volume of his trilogy on Law,Legislation and Liberty, F. A. Hayek explained that "circumstances have contributed to delay the publication of the second volume of this work." The chief circumstance was "dissatisfaction with the...

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The Journal of Libertarian Studies

On Locke's Argument for Government

Journals
What requires explanation or justification depends on what is taken as being given: what comes into question depends on what one already believes. The inertia of one's present outlook - sometimes too hastily labeled by others as a bias - gives one a sense of commitment without which possible...

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