The Journal of Libertarian Studies

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John Locke and the Labor Theory of Value

Private PropertyProduction Theory

07/30/2014The Journal of Libertarian Studies
It is taken for granted by most economists and political philosophers that John Locke was in some sense a precursor of the labor theories of value of the nineteenth century British Classical School and of Karl Marx, yet there is a wide divergence of opinion on how Locke's work anticipated and...
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2_4_3_0.pdf

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Anarchism and the Public Goods Issue: Law, Courts, and the Police

Free MarketsPhilosophy and MethodologyProduction Theory

07/30/2014The Journal of Libertarian Studies
This paper is an attempt to use what is essentially "public choice" analysis- which assumes that individuals will make "rational" choices based on self-interest- to show how the primary collective good, security, might be provided noncoercively, i.e., in the absence of a state. Volume 9, Number 1 (...
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9_1_3_0.pdf

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An Economic Analysis of the Norris-LaGuardia Act, the Wagner Act, and the Labor Representation Industry

Legal SystemPolitical TheoryProduction Theory

07/30/2014The Journal of Libertarian Studies
Economists have been relatively silent about the legislation from the 1930's which supports unionism and collective bargaining in the United States. A failure to apply economic analysis to the Norris-LaGuardia and Wagner acts has allowed a consensus about this legislation to develop among labor...
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6_3_3_0.pdf

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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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Revolution of Reason: Peter Gray, the Enlightenment, and the Ambiguities of Classical Liberalism

World History

07/30/2014The Journal of Libertarian Studies
In his seminal essay " Left and Right: The Prospects for Liberty ", Professor Rothbard delineated a libertarian interpretation of history, an interpretation which saw the larger part of humanity's existence on earth before the 18th Century as dominated by a distinctive "Old Order". Whether in the...
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1_3_7_0.pdf

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In Defense of Extreme (Fallibilistic) Apriorism

Calculation and KnowledgePhilosophy and Methodology

07/30/2014The Journal of Libertarian Studies
In this article, Professor Barry Smith presents a series of questions and theories in defense of apriorism. Volume 12, Number 1 (1996)
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12_1_9_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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Markets, True and False: The Case of Yugoslavia

InterventionismPrivate Property

07/30/2014The Journal of Libertarian Studies
This paper will discuss the emergence and shortcomings of Yugoslav market socialism. The central theme is that markets without saleable property rights are an illusion. As Mises and Hayek have so clearly demonstrated, truly competitive markets require individual freedom and hence private property...
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2_3_6_0.pdf

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"All Mankind is One": The Libertarian Tradition in Sixteenth Century Spain

World HistoryMonetary TheoryPhilosophy and Methodology

07/30/2014The Journal of Libertarian Studies
It would probably be looked upon as unusual to associate sixteenth century Spain with the libertarian tradition. However, during that time there arose a school of natural law thinkers and activists who espoused a universal ethic of freedom, which they saw as applicable to all mankind. Volume 8,...
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8_2_9_0.pdf

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Matter of Degree, Not Principle: The Founding of the American Liberty League

Booms and BustsU.S. EconomyU.S. History

07/30/2014The Journal of Libertarian Studies
On October 29, 1929, the roof fell in on the booming American economy. A nation that since World War I had come to believe material progress was inevitable and unstoppable suddenly witnessed the most surreal of spectacles: panic on Wall Street. The change in economic conditions dashed the...
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6_2_3_0.pdf

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