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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Order Without Law: Where Will Anarchists Keep the Madmen?

Journals
As every honest man knows, crime doesn't pay. Our main problem is that apparently no one has yet told the criminals. Crime is our number one growth industry, and currently exhibits such bullish prospects that its present competitor seems content to merely slow its rate of growth. Thus the...

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Hayek's Road to Serfdom

Journals
The work of Hayek, in contrast with the Marxist-Socialist-Interventionist-Galbraithian paradigm that held sway in the mid-20th century, appears as a beacon for free enterprise amidst a sea of totalitarianism. When considered in comparison to the writings against which he contended, Hayek’s...

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Ayn Rand and the Is-Ought Problem

Journals
Although ethical systems may be divided into those which claim to be objective and those which freely acknowledge their own subjectivity, a special place must be reserved for an ethical system such as that of Ayn Rand which takes its name from this central claim to objectivity—Objectivism. In...

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Congestion and Road Pricing

Journals
Traffic congestion reaches into all aspects of living: working, shopping, recreation. It insidiously cripples the ability of people to coordinate activities with one another, as it becomes virtually impossible to make exact appointments —a broad interval of time is usually the best that can...

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