Libertarians believe that laissez-faire policy, or the freest form of economy, provides the greatest net benefit to individuals and to society.
Frederic Bastiat was a 19th century economist whose writings have been foundational to the individualism & free trade economics movements.
State agencies often try to create policy that sparks economic development, yet the proven way to stimulate progress is through economic freedom.
Wealth is born from production and meeting the demands of the market. As such, liberty encourages wealth, while government over-regulation may destroy it.
Most modern democratic states are welfare states, or those that attempt to provide services to citizens through coercive wealth redistribution.
Bauer’s work in economic development and the role of foreign aid institutions disputed previously accepted ideas about the “solution” to global poverty.
Economists in the Chicago School use highly empirical arguments to reach their conclusions and advocate for deregulated markets.
Discussions over the institution of the family, even between libertarians, are not a consensus. However, many agree that the state should be uninvolved.
The winner of the Nobel Prize in 1976, Milton Friedman was a recent leading economist who advocated free market liberalism through public policy.
Gary S. Becker was awarded the Nobel Prize in Economics in 1992. His work has been influential in the modern sciences of sociology and economics.
Consequentialism, meaning that consequences matter above other aspects of decision-making, allows for greater attention to detail in policy analysis.
John Stuart Mill was a philosopher best known for his contributions to a free-market, more freedom-oriented view of utilitarianism.
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.
Bentham is known by most as the father of utilitarianism. He wrote in favor of free-markets, a pragmatic view of rights, and rational policy-making.
Euthanasia, or the merciful killing of a person for the purpose of relieving pain, is a major bioethical issue and must be examined categorically.
In light of the eugenics movement of the early-to-mid 20th century, genetics is often a dangerous topic in today’s scientific discourse.
Paternalism in law-making is where the government makes decisions for individuals based on what the government thinks is best for them.
Libertarians are skeptical of some approaches to psychiatry especially when it involves government or when patients are coerced into accepting treatment.