Drug prohibition, or the criminalization and restriction of certain substances, has harmful effects to the economy and to human liberty and wellbeing.
The black market refers to those markets involving extra-legal organizations and paths for the trade of goods and services.
In this entry, Douglas Rasmussen offers justification for protecting individual rights from the perspectives of several schools of thought.
Libertarians are skeptical of some approaches to psychiatry especially when it involves government or when patients are coerced into accepting treatment.
Paternalism in law-making is where the government makes decisions for individuals based on what the government thinks is best for them.
In light of the eugenics movement of the early-to-mid 20th century, genetics is often a dangerous topic in today’s scientific discourse.
Euthanasia, or the merciful killing of a person for the purpose of relieving pain, is a major bioethical issue and must be examined categorically.
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.
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.
John Stuart Mill was a philosopher best known for his contributions to a free-market, more freedom-oriented view of utilitarianism.
Consequentialism, meaning that consequences matter above other aspects of decision-making, allows for greater attention to detail in policy analysis.
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.
The winner of the Nobel Prize in 1976, Milton Friedman was a recent leading economist who advocated free market liberalism through public policy.
Discussions over the institution of the family, even between libertarians, are not a consensus. However, many agree that the state should be uninvolved.
Economists in the Chicago School use highly empirical arguments to reach their conclusions and advocate for deregulated markets.
Bauer’s work in economic development and the role of foreign aid institutions disputed previously accepted ideas about the “solution” to global poverty.
Most modern democratic states are welfare states, or those that attempt to provide services to citizens through coercive wealth redistribution.
Wealth is born from production and meeting the demands of the market. As such, liberty encourages wealth, while government over-regulation may destroy it.