In Defense of the Misesian Theory of Interest
The present article is a slightly expanded version of one of the critiques of Professor Laurence S.
Toward a Theory of Legal Naturalism
In legal philosophy there is perhaps no older, nor deeper, conflict than that which exists between legal positivists and natural law advocates.
The Invisible Hand Strikes Back
Surely one of the most significant occurrences on the intellectual scene during the past few years has been the emergence of a professor of philoso
Cost and Choice: Austrian vs Conventional views
The primary purpose of this paper is to contrast Austrian and conventional concepts of cost.
English Individualists As They Appear in Liberty
Liberty, an international clearinghouse for libertarian ideas during the almost three decades of its existence (1881-1908), reported on an
The Lying Truths of Psychiatry
Of all the lying truths popular today, one of the most important is surely the mendacity inherent in the term “mental illness.” In addi
The Foreign Policy of the Old Right
The categories of “right” and “left” have been changing so rapidly in recent years in America that it becomes difficult to
Whither anarchy? Has Robert Nozick justified the state?
One can appreciate Anarchy, State and Utopia by Robert Nozick on many levels.
Anti-Interventionism of Herbert Hoover
“We are passing through the most serious moment in the history of the world since the year 410 A.D.-the year of the fall of the Roman Empire
John Locke and the Labor Theory of Value
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
Nonexcludability and Government Financing of Public Goods
Many economists consider public goods to be a case of market “failure.” They argue that the free market cannot finance the optimal amou
Efficiency vs Ethics: Which is the Proper Decision Criterion in Law Cases?
Ever since economists undertook an economic analysis of the law there has waged the debate as to the proper criterion to use in deciding law cases.
Social Science: Making Visible the Invisible Hands
In this paper, Antony Flew discusses Marx and Engels, Adam Smith, and social science.
Volume 8, Number 2 (1987)
Sociological Theory in the Shadow of Durkheim’s Revolt Against Economics
Over the span of one hundred and fifty years, dissatisfaction with one or more of the fundamental postulates of theoretical economics has given imp
Equality and Equal Opportunity
Not even the most doctrinaire egalitarian will deny that heredity affects, if it does not deter- mine, individual intelligence, strength, vitality,
The Early Development of Medical Licensing Laws in the United States 1875-1900
The condition of the American medical profession at the close of the Civil War was, in almost every particular, significantly different from that w
Toward a Reformulation of the Law of Contracts
Many of the problem areas in the law of contracts stem from the historical fact that the law of contracts has been fashioned out of material that does not fit together logically. Some jurists view contracts as conventions serving to secure people's expectations. These jurists, who support their approach by invoking the allied philosophical traditions of utilitarianism and pragmatism, have tried to make the law of contracts a device to protect parties who rely on promised advantages. Therefore, these jurists want law-enforcement processes to make people live up to the expectations they arouse in others.
“All Mankind is One”: The Libertarian Tradition in Sixteenth Century Spain
It would probably be looked upon as unusual to associate sixteenth century Spain with the libertarian tradition.
Voluntaryism: The Political Thought of Auberon Herbert
Volume 2, Number 4 (1978)
Auberon Herbert (1838–1906) was one of the distinctive figures in the profound and wide ranging intellectual deb