Read was an activist who founded the Foundation for Economic Education, a free-market and anti-socialist nonprofit and educational organization.
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Government regulation of the market is often argued to be a response to market failures. However, often these regulations make society worse off.
Freedom of worship is an individual right and natural right that many people and groups have fought for throughout history.
Rent-seeking occurs when actors lobby the government for regulatory legislation that assures the actor an advantage in the market.
Classical Republicans were early advocates of constitutionalism and the rule of law. Their work is foundational to political theory today.
Personal freedom and personal responsibility go hand-in-hand. An over-reliance on the government due to the welfare state corrodes both.
A restitution-based system, which requires the guilty to pay recompense to who they wrong, may be more just than our retribution or crime-based systems.
Retributive justice holds that punishment is the only way to achieve justice and properly disincentivize criminal behavior, but to explain why, opinions differ.
Many classical liberal writers believed in the right of revolution as a natural right that could be utilized when government failed to serve its purpose.
David Ricardo was an influential economist whose contributed both important free-market theories and dismal predictions about the value of labor.
The right to bear arms, though vaguely written and often debated, is a Constitutional guarantee that protects the right for self-protection.
Natural rights are the basic rights held by all individuals by merits of being human; i.e., those rights that exist pre-government and may not be violated.
In this entry, Douglas Rasmussen offers justification for protecting individual rights from the perspectives of several schools of thought.
Murray Rothbard’s writings provided a detailed and systematic explanation of politics, society, and economics consistent with libertarian ideas.
Rousseau is regarded as a great political philosopher and contractarian, though his ideas for society often rely on a basis of coercive liberty.
The rule of law keeps society protected and in order by holding everyone – including government – accountable to objective standards of behavior.
Wilhelm Röpke was a German economist who wrote in favor of a decentralized economy and held a strong anti-Keynesian and conservative position.
Say was a French political economist whose work anticipated and popularized theories of wealth creation, entrepreneurship, and a free society.