The Journal of Libertarian Studies

The Marginal Efficiency of Capital: A Comment

Institute PublicationsJanuary 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

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

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Terri Schiavo

Institute PublicationsJanuary 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

Institute PublicationsJuly 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

Institute PublicationsMarch 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

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

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Legislation and the Discovery of Law in a Free Society

Institute Publications
Libertarians’ devotion to individual rights, and to laws in support of those rights, is unquestionable. Most of the laws favored by libertarians can be shown to be consistent with our individual rights — unlike the blatantly illegitimate laws advocated by socialists. Despite this,...

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The Case for Free Trade and Restricted Immigration

Institute Publications
It is frequently maintained that “free trade” belongs to “free immigration” as “protectionism” does to “restricted immigration.” That is, the claim is made that while it is not impossible that someone might combine protectionism with free immigration...

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Justice Entrepreneurship Revisited: Reply to Critics

Institute Publications
George H. Smith responds to Randy Barnett, Robert Formaini, and Steven Strasnick's comments on his paper "Justice Entrepreneurship in a Free Market." Volume 3, Number 4 (1979)...

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The Journal of Libertarian Studies

Adam Smith: A Reappraisal

Institute Publications
In his monumental work, An Inquiry into the Nature and Causes of the Wealth of Nations , Adam Smith captured the spirit of the new industrial and commercial system and presented its theoretical defense . in a form which dominated the thought of the most influential writers of political economy for...

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