Libertarian Papers

Displaying 61 - 70 of 178

Rejoinder to Carnis on Private Roads

02/09/2010Libertarian Papers
Abstract: Carnis (2009) is a commentary on a debate I (Block and Block, 1976; Block, 1978c) have been having with Tullock (1976) on the privatization of roads. The present paper is a rejoinder to Carnis (2009) who is highly critical of Tullock’s share of the debate, and offers some luke-warm...
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lp-2-3_2.pdf

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Moundsville Penitentiary Reconsidered: Second Thoughts on Hyperreality at a Small Town Prison Tour

02/08/2010Libertarian Papers
Abstract: In 2007, I toured Moundsville Penitentiary, a tourist spectacle that was once—and fairly recently—a working prison. I wrote about the experience as would a journalist, except that my working paradigm was the postmodern theory of hyperreality, which Jean Baudrillard used to describe the...
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lp-2-1_2.pdf

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Has David Howden Vindicated Richard von Mises’s Definition of Probability?

11/07/2009Libertarian Papers
Abstract: In my recent article on these pages (Crovelli 2009) I argued that members of the Austrian School of economics have adopted and defended a faulty definition of probability. I argued that the definition of probability necessarily depends upon the nature of the world in which we live. I...
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lp-1-44_2.pdf

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The Definition of Inflation According to Mises: Implications for the Debate on Free Banking

10/29/2009Libertarian Papers
Abstract: The discussion of what is and what is not inflation has become central among the Austrian economists in their debate between free banking with fractional reserves versus banking with 100-percent reserve. Many Austrians also turn to the writings of Mises to find out what the dean of...
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lp-1-43_2.pdf

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Single Trial Probability Applications: Can Subjectivity Evade Frequency Limitations?

10/22/2009Libertarian Papers
Abstract: Frequency probability theorists define an event’s probability distribution as the limit of a repeated set of trials belonging to a homogeneous collective. The subsets of this collective are events which we have deficient knowledge about on an individual level, although for the larger...
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lp-1-42_3.pdf

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Why There Are No Dilemmas in Widerquist's "A Dilemma for Libertarians"

10/22/2009Libertarian Papers
Abstract: Karl Widerquist has recently argued that libertarians face two dilemmas. The first dilemma arises because, contrary to what Widerquist takes libertarians to suggest, there is no conceptual link between robust property rights and the libertarian state. Private property rights can...
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lp-1-41_2.pdf

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A Thought Experiment Comparing Austrian and Keynesian Stimulus Packages

10/17/2009Libertarian Papers
Abstract: Essentially, there are two competing views of how to overcome an economy-wide recession/depression. The Austrian view understands the free-play of competition as the most potent means to overcome the short-run mismatch between an excessive boom-level of nominal wages/prices and depressed...
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lp-1-40_2.pdf

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Minarchy Considered

09/22/2009Libertarian Papers
Abstract: Whilst some defenders of the minimal, limited state or government hold that the state is “a necessary evil,” others would consider that this claim that the state is evil concedes too much ground to anarchists. In this article I intend to discuss the views of some who believe that...
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lp-1-37_3.pdf

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Areopagitica: Milton’s Influence on Classical and Modern Political and Economic Thought

09/22/2009Libertarian Papers
Abstract: This article draws general economic arguments against central planning, state licensure and regulation from Milton’s Areopagitica , a 17th Century pamphlet on free-speech. Though Milton’s work was written primarily as a defense for moral man and a warning against religious encroachment by...
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lp-1-38_2.pdf

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The Logic of Law

08/22/2009Libertarian Papers
Abstract: The general concept of law as an order of persons and the means (and actions) that belong to them is formalized in an axiomatic system. At this stage, no distinction is made between natural and artificial (“legal”) persons. The aim is to explicate the common logical core of most material...
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lp-1-36_5.pdf

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