Private Property

Libertarians — and Murray Rothbard in particular — are not pacifists, but reject the killing of innocents and other unjustified forms of military a

Contrary to the claims of many advocates for expanding the already-huge war apparatus of the United States, Libertarians in general — and Murray Rothbard in particular — are not pacifists, but reject the killing of innocents and other unjustified forms of military aggression.

Tax credits and deductions deprive the state of revenue, while allowing greater freedom to taypayers. As such, they are good things, while closing “loopholes” or eliminating tax credits is a very bad thing. Making taxes more “efficient” or “fair” only helps governments and hurts taxpayers.

Many modern states are little more than groupings of conquered nations. Breaking them up into smaller pieces is all for the best, and this would also ultimately lead to more free trade among nations since smaller states find it more difficult to sow the illusion of economic self-sufficiency.

Philosophy has fathered a number of other sciences. It is, as we all know, the father of physics which used to be known as natural philosophy.

Time preference, one of the fundamental concepts of economics, is the ratio between the present values of present and future goods. Mises (1949) holds that time preference is the only reason 

To analyze the feasibility of applying the Coase Theorem, this article uses two traditional arguments, economic calculation and non-neutral effects, found in the Austrian literature. 

oth the establishment of property rights and their violation spring from actions: acts of appropriation and expropriation. However, in addition to a physical appearance, actions also have an internal, subjective aspect. 

Changes in ownership titles are essential to understanding competitive dynamics and, more broadly, the market process. There is ample evidence that a crucial source of productivity growth,