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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On the Parity of Groups

Institute Publications
One sign of the lengthy distance we have traveled away from the liberal, individualist origins of the American political order is the surprising prevalence of that visualization of social discrimination which sees it more as a problem of attaining the proper ratios between groups than of attaining...

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The Free Rider as a Basis for Government Intervention

Institute Publications
The "free rider problem," arising from the fact that an individual may be able to obtain the benefits of a good without contributing to the cost, is discussed in a number of different contexts. In the case of a "public good" where the provider cannot exclude, a good which others...

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The Epoch of National Socialism

Institute Publications
In two by-elections in the spring of 1996, the Front National (FN), the party of the radical right in France, helped several candidates of the left gain victory. In Sète, a southern seaport, a communist therefore was able to become mayor. It was in this manner that the leader of the FN, Jean-Marie...

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William Graham Sumner: Critic of Progressive Liberalism

Institute Publications
In America today, as throughout the West, most people fundamentally accept the "welfare state." Republican Presidents live happily with huge deficits in government accounts, while conservative politicians no longer challenge Medicare or Social Security. The State has become a pervasive...

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