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Private Property

by Tom Bethell on Aug 15, 2008

Private property succeeds in supporting an ordered, free, and just society where other configurations of property fail.

encyclopedia

Illicit Drugs

by Bruce Benson on Aug 15, 2008

Prohibitive and restrictive legislation towards drug use is both ineffective and does more harm to individuals than good.

encyclopedia

Drug Prohibition

by Gene Healy on Aug 15, 2008

Drug prohibition, or the criminalization and restriction of certain substances, has harmful effects to the economy and to human liberty and wellbeing.

encyclopedia

Black Markets

by Paul Dragos Aligica on Aug 15, 2008

The black market refers to those markets involving extra-legal organizations and paths for the trade of goods and services.

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Rights, Theories of

by Douglas Rasmussen on Aug 15, 2008

In this entry, Douglas Rasmussen offers justification for protecting individual rights from the perspectives of several schools of thought.

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Psychiatry

by Jeffrey A. Schaler on Aug 15, 2008

Libertarians are skeptical of some approaches to psychiatry especially when it involves government or when patients are coerced into accepting treatment.

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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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Genetics

by Matt Ridley on Aug 15, 2008

In light of the eugenics movement of the early-to-mid 20th century, genetics is often a dangerous topic in today’s scientific discourse.

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Euthanasia

by Sigrid Fry-Revere on Aug 15, 2008

Euthanasia, or the merciful killing of a person for the purpose of relieving pain, is a major bioethical issue and must be examined categorically.

encyclopedia

Bentham, Jeremy (1748-1832)

by T. Patrick Burke on Aug 15, 2008

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.

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Rights, Natural

by Fred Miller on Aug 15, 2008

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.

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Mill, John Stuart (1806-1873)

by Aeon Skoble on Aug 15, 2008

John Stuart Mill was a philosopher best known for his contributions to a free-market, more freedom-oriented view of utilitarianism.

encyclopedia

Consequentialism

by Terry Price on Aug 15, 2008

Consequentialism, meaning that consequences matter above other aspects of decision-making, allows for greater attention to detail in policy analysis.

encyclopedia

Becker, Gary S. (1930-2014)

by Aaron Steelman on Aug 15, 2008

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.

encyclopedia

Friedman, Milton (1912-2006)

by Aaron Steelman on Aug 15, 2008

The winner of the Nobel Prize in 1976, Milton Friedman was a recent leading economist who advocated free market liberalism through public policy.

encyclopedia

Family

by Steven Horwitz on Aug 15, 2008

Discussions over the institution of the family, even between libertarians, are not a consensus. However, many agree that the state should be uninvolved.

encyclopedia

Economics, Chicago School of

by Ronald Hamowy on Aug 15, 2008

Economists in the Chicago School use highly empirical arguments to reach their conclusions and advocate for deregulated markets.

encyclopedia

Bauer, Peter (1915-2002)

by James A. Dorn on Aug 15, 2008

Bauer’s work in economic development and the role of foreign aid institutions disputed previously accepted ideas about the “solution” to global poverty.