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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The Journal of Libertarian Studies

Professor Kroy on Contract and Freedom: Comment

Institute PublicationsMay 22, 1977
The Journal of Libertarian Studies , Volume 1, Number 3 (1977)

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Gustave de Molinari and the Tradition: Part 3

Institute Publications
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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Market Socialism: A Subjectivist Evaluation

Institute Publications
This essay is an attempt to provide a modern overview of the economic calculation debate from the Austrian School perspective. Specifically, the many arguments against market socialism will be consolidated to demonstrate the neglected theoretical strength of the free-market perspective. In this...

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Voluntaryism: The Political Thought of Auberon Herbert

Institute Publications
Auberon Herbert (1838- 1906) was one of the distinctive figures in the profound and wide ranging intellectual debate which took place during the late Victorian age. It was during this period, in the intellectual and social ferment of the 1880s and 1890s, that Herbert formulated and expounded...

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