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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The Political Economy of the Antifederalists

Journals
The eighteenth-century opponents of the U.S. Constitution have been derided by some historians as politically naive and intellectually inferior to their Federalist counterparts. A noted chronicler of the Antifederalists labeled them as "men of little faith" due to their distrust of...

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Moral Development and Critiques of Anarchism

Journals
The most obvious and widely shared criticism of anarchism is that it is, quite simply, impractical. It is argued that people need the state and government in order to survive. Humans are, to the critics, by nature or socialization greedy and uncooperative, and the state is needed to protect people...

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Justice Entrepreneurship Revisited: Reply to Critics

Journals
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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Gustave de Molinari and the Tradition: Part 3

Journals
Two years after Molinari had first proposed his theory of the "production of security," the English political philosopher, Herbert Spencer, independently pushed free-market liberalism to its anarchist limits in his book Social Statics . Spencer argued that the state was not an "...

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