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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Private Police: A Note

Journals
There are those to whom the question of whether to privatize the nation’s police forces is mere academic whimsy—a question of consequence only to the eggheads and cranks of the Academy, not to those who so solidly inhabit the “real world.” Most of these believe the...

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Nozick, Anarchism and Procedural Rights

Journals
While many minimal state theorists, such as Ayn Rand, have found in anarchism an unacceptable vehicle for the conveyance of natural rights libertarianism, Nozick, with Locke, does not dispute the logical compatibility of anarchism and natural rights theory. Instead, having conceded to the...

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Secession Reconsidered

Journals
The idea of secession has been around ever since there have been governments. It is an especially relevant topic today, as the emerging democracies in Eastern and Central Europe attempt to form new, stable political and economic units. The idea of secession, however, should not be limited to new...

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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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