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...

Read more

Rejoinder to Hoppe on Immigration

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

Read more

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.

Read more

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,"...

Read more

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...

Read more

The Journal of Libertarian Studies

Why Race Matters: A Preview

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

Read more

Austrian Monopoly Theory — A Critique

Journals
There are two views of monopoly within what might be called the broad Austrian camp. According to the Mises-Kirzner view, monopoly price can exist on the free market, and a necessary part of its definition is a purposeful withholding of resources on the part of the monopolist. Rothbard, however,...

Read more

On Liberal and Democratic Nationhood

Journals
The consubstantiality of liberalism and democracy has become a modem religious dogma. It is a doctrine transcending established political divisions, and ever since the de-Sovietization of Eastern Europe that began last year American journalists of otherwise differing ideological persuasions have...

Read more

Introduction: An Economic Critique of Socialism

Journals
Collected together in this special issue of the Journal of Libertarian Studies is an apparently quite disparate group of articles on central economic planning, covering some theoretical disputes concerning it as well as some historical instances of attempts to put it into practice. These articles...

Read more

Was Richard Cantillon an Austrian Economist?

Journals
Can anyone take seriously the question posed by the title of this paper? History clearly reveals the following facts. Austrian economics began in 1871 with the pioneer work of the Viennese economist, Carl Menger. Cantillon's Essai sur la nature du commerce en général was written almost 150...

Read more