The Journal of Libertarian Studies

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Boom and Bust: The Political Economy of Economic Disorder

U.S. EconomyMonetary TheoryPolitical Theory

07/30/2014The Journal of Libertarian Studies
Adam Smith noted in 1776 that "What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." The Classical economists generally believed that principles of sound business practice were equally appropriate for a family and for government, and this belief...
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4_1_1_0.pdf

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The Free Rider as a Basis for Government Intervention

Monetary Theory

07/30/2014The Journal of Libertarian Studies
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 provide for them-...
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5_4_6_0.pdf

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

07/30/2014The Journal of Libertarian Studies
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 science...
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9_2_1_0.pdf

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Moral Relativism as a Foundation for Natural Rights

Philosophy and Methodology

07/30/2014The Journal of Libertarian Studies
The theory of natural rights is often put forward as competition of moral relativism, most recently in an article in this journal by Loren Lomasky. I want to suggest, on the contrary, that the two positions are compatible and, indeed, that moral relativism provides the only plausible foundation for...
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4_4_3_0.pdf

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Market Chosen Law

Big GovernmentFree MarketsLegal System

07/30/2014The Journal of Libertarian Studies
Central planning and state control are often cast aside as inferior replacements to far more efficient and humane voluntary market transactions. Still there is one area that most believe must be run collectively through the state. The realm of law is often the foundation of government, and the...
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14_1_3_0.pdf

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Privatization of Municipality-Provided Services

Free MarketsTaxes and Spending

07/30/2014The Journal of Libertarian Studies
The municipal reform movement of the progressive era succeeded in establishing local government monopoly in the provision of urban services. Competitive markets in such services as fire-fighting, street lighting, refuse removal, transit, and even policing then gave way to municipal bureaus and...
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2_2_11_0.pdf

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Rashid on Adam Smith: In Need of Proof

Monetary Theory

07/30/2014The Journal of Libertarian Studies
Salim Rashid (1990) purports to have established some facts about Adam Smith's scholarship, significant among which are (a) Smith's plagiarism, (b) the poor quality of Smith's arguments or ideas compared with those of his predecessors or contemporaries, and (c) Smith's inconsistent arguments...
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10_2_4_0.pdf

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A Libertarian Case for Free Immigration

War and Foreign PolicyCalculation and Knowledge

07/30/2014The Journal of Libertarian Studies
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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13_2_4_0.pdf

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A Note on Corruption by Public Officials: The Black Market for Property Rights

Free MarketsInterventionismPrivate Property

07/30/2014The Journal of Libertarian Studies
Illegal activities in the private sector arise because the market mechanism is not allowed to perform its allocative functions. Often when government action creates a shortage by preventing the sale of a good or service at a freely determined market price, there are some individuals in the private...
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5_3_5_0.pdf

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Charles Dunoyer and French Classical Liberalism

BiographiesOther Schools of Thought

07/30/2014The Journal of Libertarian Studies
(Barthelemy) Charles (Pierre Joseph) Dunoyer (1786-1862) was born on May 20, 1786 at Caremac in ancient Tureme (Quercy, Cahorsin), the present-day Lot. His father, Jean-Jacques- Philippe Dunoyer, was seigneur de Segonzac. Destined at an early age for the order of St. Jean de Malte, he began his...
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1_3_1_0.pdf

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