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Interventionism

by Sanford Ikeda on Aug 15, 2008

Government interventionist policies are aimed to solve perceived problems of the completely free market but often result in harmful over-regulation.

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Judiciary

by Timothy Sandefur on Aug 15, 2008

In this entry, Timothy Sandefur explains the origins and role of the American judiciary system.

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Labor Unions

by Charles Baird on Aug 15, 2008

The National Labor Relations Act (NLRA) force workers into being represented by unions, regardless of their own preferences, and thus lack legitimacy.

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Laissez-Faire Policy

by Bryan Caplan on Aug 15, 2008

Libertarians believe that laissez-faire policy, or the freest form of economy, provides the greatest net benefit to individuals and to society.

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Liability

by Richard A. Epstein on Aug 15, 2008

Strict liability rules require people to take responsibility for damages done to others’ property and are therefore favored by libertarianism.

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Marriage

by Allen M. Parkman on Aug 15, 2008

Marriage, once just a social institution, now implies a legal relationship, with some limitations that could be changed for greater social benefit.

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Market Failure

by Tyler Cowen on Aug 15, 2008

Many libertarians argue that though market failures exist, private solutions still work more effectively than government intervention.

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Military-Industrial Complex

by Christopher A. Preble on Aug 15, 2008

The alliance of the military technology industry and the growth of the government’s war authority has led to increasingly aggressive foreign policy.

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Money and Banking

by Lawrence H. White on Aug 15, 2008

Lawrence H. White explains the changing ways in which economists have thought about money and banking, including the debate over deregulation.

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Paternalism

by Will Wilkinson on Aug 15, 2008

Paternalism in law-making is where the government makes decisions for individuals based on what the government thinks is best for them.

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Political Parties

by Patrick Basham on Aug 15, 2008

Political parties can help to inform voters and overcome collective action problems, but also institutionalize government vote-seeking and rent-seeking.

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Pornography

by Wendy McElroy on Aug 15, 2008

Pornography is an issue that raises questions about sexuality and feminism, but also about censorship and whether government can regulate entertainment.

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Price Controls

by Donald J. Boudreaux on Aug 15, 2008

When the government uses price controls to influence the affordability of products, shortages or surpluses occur - often making the problem worse.

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Privacy

by Solveig Singleton on Aug 15, 2008

Privacy and the government’s treatment of private information has changed with new waves of crime-detecting and information-collecting technology.

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Privatization

by Robert Poole on Aug 15, 2008

Privatization occurs when government grants control of an industry to market forces, often leading to greater efficiency and choice.

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Public Choice Economics

by William A. Niskanen on Aug 15, 2008

Public choice theory, now popular among academics, approaches economic and political phenomena by examining individual choices and interests.

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Regulation

by Michael C. Munger on Aug 15, 2008

Government regulation of the market is often argued to be a response to market failures. However, often these regulations make society worse off.

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Rent Seeking

by Sanford Ikeda on Aug 15, 2008

Rent-seeking occurs when actors lobby the government for regulatory legislation that assures the actor an advantage in the market.