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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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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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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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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Whither anarchy? Has Robert Nozick justified the state?

Institute Publications
One can appreciate Anarchy, State and Utopia by Robert Nozick on many levels. Its emphasis on individual freedom is a refreshing change of pace. It questions assumptions that have long been sacrosanct. It puts forth a theory of entitlement which is nothing short of remarkable in this day and age...

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From Theory to Reality: Barriers Confronting Libertarians

Institute Publications
Classical Liberalism, especially of the Austrian inclination, and Libertarianism are by now recognized as the most influential research traditions of our time. While it would be superfluous here to repeat the reasons for such widespread significance, it should not be overlooked that, so far, the...

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The Private Production of Defence

Institute Publications
Among the most popular and consequential beliefs of our age is the belief in collective security. Nothing less significant than the legitimacy of the modern state rests on this belief. This article demonstrates that the idea of collective security is a myth that provides no justification for the...

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Stork Markets: An Analysis of "Baby-Selling"

Institute Publications
This essay presents a conceptual and moral rather than an economic analysis of "baby-selling." Its purpose is to address certain fundamental issues concerning the moral status of children, the moral basis of the family, the moral propriety of commerce, and the ways in which these moral...

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