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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A Libertarian Case for Free Immigration

Institute Publications
In this paper I will attempt to analyze laws limiting emigration, migration, and immigration from the libertarian perspective. I will defend the view that the totally free movement of goods, factors of production, money, and, most important of all, people, is part and parcel of this traditional...

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Against Nonlibertarian Natural Rights

Institute Publications
In a recent article critical of Robert Nozick's book Anarchy, State, and Utopia , Samuel Scheffler argues that it is possible to give greater than libertarian scope to natural rights so that, contrary to Nozick's conclusions, non-voluntary redistribution of income would be morally justified...

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The Journal of Libertarian Studies

Adam Smith's Acknowledgments: Neo-Plagiarism and the Wealth of Nations

Institute Publications
It is now generally accepted by historians of economic thought that in the nineteenth century Adam Smith's work was much overpraised for its originality and design. In an obvious reference to Smith, both Archbishop Whately and John Stuart Mill spoke of political economy having arisen as a...

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Conservation, "X-Inefficiency" and Efficient Use of Natural Resources

Institute Publications
The early conservation movement in the United States was initiated by Theodore Roosevelt in 1908 when he called together a conference of state governors. The premise of the conservation movement, sometimes pointed to as Roosevelt's most lasting achievement, was that natural resources are being...

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