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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Politics After a Nuclear Crisis

Journals
Contained in the legal systems of almost all modern liberal democratic states is the provision for extraordinary executive power to be exercised in emergencies. This power is variously called martial law, state of siege, constitutional emergency powers, and constitutional dictatorship. This power...

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Herbert Spencer's Theory of Causation

Journals
This paper traces Spencer's theory of causation through various disciplines, with special emphasis on Spencer's "scientific" system of ethics — something he regarded as the crowning achievement of his life's work. I shall attempt to explain Spencer rather than criticize...

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How Philosophical Errors Impede Freedom

Journals
That philosophic ideas count is no news to Austrian economists, whose economic theories rest on conceptual analyses of action and value. But philosophy can confuse as well as guide. In this article, I will discuss two philosophical mistakes that in recent times have supported dangerous idiocy while...

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Principle and Expediency: The State Department and Palestine, 1948

Journals
According to the conventional wisdom, the United Nations in effect established the state of Israel, doing so when the General Assembly voted for the partition of Palestine in November of 1947. President Truman ardently and consistently believed in a Zionist state, and hence was taken aback when...

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