The Journal of Libertarian Studies

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Adam Smith, Justice, and the System of Natural Liberty

Other Schools of ThoughtPhilosophy and Methodology

07/30/2014The Journal of Libertarian Studies
Murray Rothbard dismisses Adam Smith’s contribution to economics as “dubious,” and he lists many specific Smithian lapses. For instance, Smith abandons the subjective theory of value, and maintains that only material commodities constitute production or value; he has “no conception of the...
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13_1_1_0.pdf

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Felix Morley and the Commonwealth Tradition: The Country-party, Centralization, and the American Empire

Big GovernmentInterventionism

07/30/2014The Journal of Libertarian Studies
Some years ago in Modern Age (Winter, 1958-59). in a poem dedicated to Robert A. Taft, Sr., he was referred to as "Old Round- head", and compared to the English revolutionary, John Pym (1584-1643). The historical connotations and the loving insights revealed by that designation are highly...
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2_3_8_0.pdf

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Retribution and Restitution: A Synthesis

Legal SystemPrivate Property

07/30/2014The Journal of Libertarian Studies
In recent years a new and powerful critique of our current criminal justice system has been advanced by advocates of a totally new approach to criminal justice. These advocates challenge the current paradigm of criminal justice, which emphasizes punishment of the criminal, and support instead a...
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6_2_1_0.pdf

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Marxist and Austrian Class Analysis

Other Schools of ThoughtPhilosophy and Methodology

07/30/2014The Journal of Libertarian Studies
I want to do the following in this paper: First to present the theses that constitute the hard core of the Marxist theory of history. I claim that all of them are essentially correct. Then I will show how these true theses are derived in Marxism from a false starting point. Finally, I will...
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9_2_5_0.pdf

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Comment on Smith

Free MarketsLegal System

07/30/2014The Journal of Libertarian Studies
A paper reviewing George Smith's article "Justice Entrepreneurship in A Free Market" by Robert L. Formaini. Volume 3, Number 4 (1979)
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3_4_7_0.pdf

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Frogs' Legs, Shared Ends and the Rationality of Politics

Philosophy and MethodologyPolitical Theory

07/30/2014The Journal of Libertarian Studies
Politics asks “What is to be done?” and proposes a profusion of answers. Philosophy, when set to contend with politics, asks “when can one sensibly say that something, or for that matter anything, is to be done?” That answers to this question are neither wholly formal, logical and semantic, nor...
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11_2_4_0.pdf

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Hayek and Institutional Evolution

Big GovernmentAustrian Economics OverviewPolitical Theory

07/30/2014The Journal of Libertarian Studies
Casual observation of the last thirty years or so indicates that the role government plays in the lives of individuals has been increasing. Within the internal structure of government itself there are a number of reasons for this, but perhaps the overriding factor that has given way to this state...
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4_4_1_0.pdf

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Guns for Protection, and Other Private Sector Responses to the Government's Failure to Control Crime

Free MarketsPrivate Property

07/30/2014The Journal of Libertarian Studies
Several years ago, in an episode of "All in the Family ," Archie Bunker proposed a possible solution to the airline highjacking problem. He suggested that the government should arm all the passengers. Potential highjackers, fearing for their lives when confronted by a hundred or so armed...
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8_1_8_0.pdf

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Stateless Society: Frech on Rothbard

Legal System

07/30/2014The Journal of Libertarian Studies
Various members of the academic community have attempted to attack Murray Rothbard's political and economic theories. One attempt made by H. E. Frech III in "The Public Choice Theory of Murray N. Rothbard, A Modern Anarchist" is quite disappointing in that it deals very superficially with many...
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2_2_9_0.pdf

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Law and Liberty: A Comparison of Hayek and Bastiat

Monetary TheoryPhilosophy and MethodologyPolitical Theory

07/30/2014The Journal of Libertarian Studies
This paper compares the work of two pioneers in the field of law and liberty: F. A. Hayek and his predecessor, Frédéric Bastiat. Both these writers treat government by law as a necessary condition for the emergence of a free-market system; and they also warn that the substitution of distributive...
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5_4_3_0.pdf

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