Romanticism and Modern Fiction

Belying their seemingly chaotic diversity, all of modern fiction and modern criticism unite on at least one point: rejection of romanticism. The characteristic literature—and, indeed, art in general—of the twentieth century has been, broadly, either naturalist or nonobjective.

Volume 21, Number 4 (2007)

Money is the Product of Virtue: Tensions in Rand’s Invocation of Market Success

Casual acquaintance with Ayn Rand’s ideas often involves the assumption that Rand would approve of Oliver Stone’s character Gordon Gekko (of “greed is good” fame) and of popular rich guys such as Donald Trump. It is easy to correct the misapprehension concerning Gordon Gekko. He spouts a philosophy at odds with Rand’s, insisting that morality must be abandoned for wealth while she suggests the opposite. But explaining why Rand would not approve of Donald Trump is a trickier matter—if it does not seem so, start to give it a try.

Volume 21, Number 4 (2007)

Rawlsian Investment Rules for “Intergenerational Equity” Breaches of Method and Ethics

Harvard professor of philosophy, John Rawls, can be credited with provoking the most recent angst over the issue of intergenerational equity. Rawls views intergenerational equity as a policy issue necessitating governmental intervention to manage “social saving and investment” for the benefit of the least advantaged generation.

Volume 21, Number 4 (2007)

Bastiat’s “The Broken Window”: A Critique

“The Broken Window,” An essay written by Frédéric Bastiat (1801–1850), was the first of a dozen short essays compiled under the heading, What is Seen and What is Not Seen (1964). In these essays, Bastiat cautions us by saying that to accurately evaluate the full outcome of an event, we must account for all effects of that event, namely, the obvious (that which is seen), and also the not so obvious (that which is not seen). “The Broken Window” is the most famous of these instructive essays and is often cited by libertarians as a precise lesson in critical economic analysis.

Reflections on Legal Polycentrism

In attempting to promote the libertarian viewpoint, particularly in its anarchic variety, one is faced with a variety of problems. Some problems are theoretical and are well treated in the comprehensive literature; other problems, however, are practical or rhetorical and, while the theoretical problems (and their solution) are intrinsically the more important, it is vital that the practical/rhetorical problems be overcome if the theoretical points are to get a fair hearing. As human beings, we perceive and understand in accordance with our needs, our desires and our interests.