The Journal of Libertarian Studies

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Negative Interest Rate: Toward a Taxonomic Critique

Money and BanksTaxes and Spending

07/30/2014The Journal of Libertarian Studies
A basic principle of Austrian economics is that the originary rate of interest (the rate of discount of future goods compared to present, otherwise identical, goods) can never be negative. The reason for this arises not because capital is productive, nor out of man's psychology. Nevertheless, in...
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2_2_4_0.pdf

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The Free Market Model versus Government: A Reply to Nozick

Monopoly and Competition

07/30/2014The Journal of Libertarian Studies
Two objection have recently been made to the model of the free market without government. These objections suggest that the model may be self-defeating, in at least two different ways. The problems about to be discussed have been raised by Robert Nozick in his recent Anarchy, State, and Utopia ,...
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1_1_5_0.pdf

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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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Edwin M. Borchard, John Bassett Moore, and Opposition to American Intervention in World War II

War and Foreign PolicyWorld HistoryInterventionism

07/30/2014The Journal of Libertarian Studies
Historians have examined many factors concerning American isolationism in the years 1939 to 1941. They have delved into action groups, prominent personalities, and economic and strategic rationales. Surprisingly little research, however, has been done on the role that international law played in...
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6_1_1_0.pdf

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Harman's Moral Relativism

Calculation and Knowledge

07/30/2014The Journal of Libertarian Studies
Moral relativism, a theory typically beclouded by inexact formulations and confusions with cultural relativism, has recently been defended lucidly and forcefully by Gilbert Harman. His article has the dual virtues of carefully stating the version of moral relativism being proposed and drawing...
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3_3_3_0.pdf

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Property Rights in Celtic Irish Law

World HistoryPrivate Property

07/30/2014The Journal of Libertarian Studies
It is impossible at the present time to present a systematic, coherent description of the ancient Irish law of property. The reason is that a considerable portion of the sources have not been published in modern scientific textual editions and translations. Volume 1, Number 2 (1977)
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1_2_1_0.pdf

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Customary Law With Private Means of Resolving Disputes and Dispensing Justice: A Description Of a Modern System of Law and Order Without State Coercion

Free MarketsLegal SystemPhilosophy and Methodology

07/30/2014The Journal of Libertarian Studies
It is not actually possible to describe what a system of privately produced law and order would be like in modem society because one cannot describe what does not exist, and, more fundamentally, guesses based on historic privatized systems or current trends in privatization may miss the mark...
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9_2_2_0.pdf

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Public School Movement vs. the Libertarian Tradition

EducationTaxes and SpendingMonopoly and Competition

07/30/2014The Journal of Libertarian Studies
Given the temper of the times it was surprising that following the American Revolution there appeared proposals for national systems of education. The libertarian tradition which fed the flames of the Revolution was staunchly opposed to a union of government and schooling. The greatest fear was...
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7_1_3_0.pdf

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Libertarianism and Legal Paternalism

Legal SystemInterventionism

07/30/2014The Journal of Libertarian Studies
In his book Principles of Morals and Legislation , the eighteenth-century philosopher and legislator Jeremy Bentham divided all laws into three kinds: (1) laws designed to protect you from harm caused by other people; (2) laws designed to protect you from harm caused by yourself; and (3) laws...
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4_3_2_0.pdf

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Legislation and the Discovery of Law in a Free Society

Free MarketsLegal SystemPolitical Theory

07/30/2014The Journal of Libertarian Studies
Libertarians’ devotion to individual rights, and to laws in support of those rights, is unquestionable. Most of the laws favored by libertarians can be shown to be consistent with our individual rights — unlike the blatantly illegitimate laws advocated by socialists. Despite this, however, many...
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11_2_5_0.pdf

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