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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Failure of Bolshevism and Its Aftermath

Institute Publications
Judged by its announced goals, Bolshevism failed. The question arises whether its failure did not simply prove the traditional Marxists correct: Russia was "not yet ripe" for socialism. It is not self-evident, however, that more advanced industry would be "more ripe." If any...

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Nonexcludability and Government Financing of Public Goods

Institute Publications
Many economists consider public goods to be a case of market "failure." They argue that the free market cannot finance the optimal amount of public goods. Therefore, they say, the government must finance their provision. In this paper I shall challenge this view. Three well-known...

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The Journal of Libertarian Studies

Equality and Equal Opportunity

Institute Publications
Not even the most doctrinaire egalitarian will deny that heredity affects, if it does not deter- mine, individual intelligence, strength, vitality, and the capacity to develop certain skills. There are three other dimensions of inequality, how- ever, which are universal, and yet commonly over-...

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