Richard A. Posner is a judge and legal theorist whose work was the foundation for the law and economics movement, which approaches law through economics.
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Roscoe Pound was an influential legal scholar whose “sociological jurisprudence” approach tried to adjust the law to better match social realities.
Praxeology, as popularized by Ludwig von Mises, is an interdisciplinary approach to social questions that abstracts and thus universally explains human action.
When the government uses price controls to influence the affordability of products, shortages or surpluses occur - often making the problem worse.
Richard Price was a British philosopher who supported American Independence and the French Revolution and whose work focused on reason in ethics.
Privacy and the government’s treatment of private information has changed with new waves of crime-detecting and information-collecting technology.
Private property succeeds in supporting an ordered, free, and just society where other configurations of property fail.
Privatization occurs when government grants control of an industry to market forces, often leading to greater efficiency and choice.
Libertarians celebrate increasing individual liberties as the main fuel for human progress - material, moral, and intellectual.
The Progressive Era of the early 20th century brought a new wave of socio-economic reform that fueled a much more interventionist government.
The Prohibition of alcohol, from 1919-1933, though intended to reduce alcohol consumption, merely made alcohol consumption more dangerous.
Pierre-Joseph Proudhon, self-described both as an anarchist and as a socialist, contributed several rebukes of government and defenses of individualism.
Libertarians are skeptical of some approaches to psychiatry especially when it involves government or when patients are coerced into accepting treatment.
Public choice theory, now popular among academics, approaches economic and political phenomena by examining individual choices and interests.
Puritans were Protestant Christians in England and Scotland who fought for reform of the church against Anglican opposition and backlash.
The Declaration of Independence famously spoke of right to “the pursuit of happiness,” a phrase that has been questioned as to its extent and meaning.
Ayn Rand remains one of the best-known and most influential individualist writers, credited with developing the philosophy of Objectivism.
John Rawls was a political theorist who revived interest in the field. Though not libertarian, his work can be interpreted in support of some free-market ideas.