Freedom and Prosperity in Liechtenstein: A Hoppean Analysis
Liechtenstein has long been recognized as one of the most free and prosperous countries in the world.
Reflections on Legal Polycentrism
Much of the resistance to libertarian anarchic proposals stems from a genuine inability on the part of one’s audience to entertain such proposals as serious alternatives to the status quo.
The Development of Municipal Fire Departments in the United States
For many years in London, firefighting was provided privately by insurance companies. Oddly enough, the Americans rejected this model for the far-more-politicized fire department model we know today.
The Radical Libertarian Tradition in Antislavery Thought
The radicals advocated the right of the slaves to rebel, either individually or en masse, and to resort to violence in their own self-defense, and to call on those outside the slave system to come to their assistance.
Land Use Regulation: A Supply and Demand Analysis of Changing Property Rights
Regulation is simply the way in which self-interested public officials provide benefits to self-interested individuals who form interest groups. This is as true in land use as in anything else.
Landlordism and Liberty: Aristocratic Misrule And the Anti-Corn-Law League
The Anti-Corn-Law League was the best financed and the most highly organized political pressure group that Britain has ever witnessed.
Gustave de Molinari and The Anti-statist Liberal Tradition, Part 3
Nations by Consent
If we deconstruct the modern nation-state, we shall reduce the scope of government power, the importance of voting and the extent of social conflict.
The Marginal Efficiency of Capital: A Comment
ABSTRACT: The impact of interest rates on investment choices is a key element in both Keynesian and Austrian theories of the business cycle. Fuller (2013) compares the Keynesian Marginal Efficiency of Capital approach to the Austrian Net Present Value approach, claiming that the two give different rankings of investment projects. This comment provides examples to show that this is only true if factor prices are held constant. If factor prices reflect the discounted present value of the project, then the different rankings between the approaches vanishes. This result further highlights a fundamental difference between the Austrian and Keynesian views: factor price stickiness. This difference in assumptions drives the opposing views of monetary policy.
The Philosophy of Freedom
In this paper, Antony Flew discusses liberty and political freedom.
Volume 9, Number 1 (1989)
Felix Morley and the Commonwealthman Tradition: The Country-party, Centralization, and the American Empire
Some years ago in Modern Age (Winter, 1958-59). in a poem dedicated to Robert A.
An Integration of The Wealth of Nations with The Theory of Moral Sentiments
This paper contends that Adam Smith meant what he said; human nature is ennobled by the cultivation of its lands, the advancement of its manufactur
Free Market Transportation: Denationalizing The Roads
Were a government to demand the sacrifice of 46,700 citizens’ each year, there is no doubt that an outraged public would revolt.
J.S. Mill: The Utilitarian Influence in the Demise of Laissez-faire
The period which encompasses, roughly, the years from 1836 to 1870, was the critical one for political economy as conceived by Adam Smith.
Private Police: A Note
There are those to whom the question of whether to privatize the nation’s police forces is mere academic whimsy—a question of consequence only to t
On Mathematical Thinking in Economics
The interest of scholars in the application of mathematics to the social sciences is particularly lively at the present time.
World War I as Fulfillment: Power and the Intellectuals
In this paper, I will be dealing with various examples of individual or groups of progressive intellectuals, exulting in the triumph of their creed
Toward a Free Market Monetary System
A lecture delivered at the Gold and Monetary Conference, New Orleans, La., November 10, 1977, by F.A.