Symposium on Federalism, War, and Reconstruction: Introduction

The War Between the States has been a source of controversy for some time among libertarians. Since the libertarian position acknowledges a right of secession, many libertarians have opposed Lincoln and sided with the South, at least on its right to withdraw peacefully from the Union. Others, however, appalled at the Southern slave system, have identified the Northern cause as the libertarian one.

Volume 16, Number 2 (2002)

Calhoun, Sectional Conflict, and Modern America

During the sectional crisis, the overwhelming practical and theoretical inheritance that nourished the Southern worldview was built upon an appreciation of the necessary limitations of social and political life. Primary among the means of limitation was the need for societal and personal restraint when faced with the possibility of radical transformation. While change and social mobility were not the most commonly acknowledged aspects of Southern society, neither were they beyond the pale of possibility.

A Moral Accounting of the Union and the Confederacy

What it means to be an American, both for Americans and foreigners, is largely determined by one’s attitude toward the war to defeat Southern independence in 1861–65. More books have been written about this war than about any other event in secular history, and they continue to pour forth. It has been a war to conjure with. To Americans, at least, it has seemed pregnant with transcendent, mythical, and theological meanings. What meaning can libertarians find in that great struggle?

Volume 16, Number 2 (2002)

The Firm in a Free Society: Following Bastiat’s Insights

Frédéric Bastiat did not devote much attention to the problem of the firm, so taking an interest in his thoughts on the topic could seem strange. Yet, the foundations for a realistic theory of the firm (and, more generally, of the distribution of human activities) are found in chapter 14, “Wages,” of Bastiat’s classic book Economic Harmonies. Further, the way that Bastiat lays the foundations are both original and profound. In this article, I will review Bastiat’s approach, develop it more fully, and draw some practical and theoretical conclusions about the nature of the firm.