Explore

encyclopedia

Arts and Public Support

by Louis Torres on Aug 15, 2008

Government support and funding for the arts has been contested for its too restrictive, too loose, or too political attempts to define art.

encyclopedia

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.

encyclopedia

Rand, Ayn (1905-1982)

by Chris Sciabarra on Aug 15, 2008

Ayn Rand remains one of the best-known and most influential individualist writers, credited with developing the philosophy of Objectivism.

encyclopedia

Liberty in the Ancient World

by Roderick T. Long on Aug 15, 2008

Liberty has been a value to many civilizations. In this entry, Roderick Long highlights a few instances of liberal ideas in pre-modern societies.

encyclopedia

Constitutionalism

by Timothy Sandefur on Aug 15, 2008

Constitutionalism binds the government to a pre-decided set of rules and is favored as a form of limiting government expansion.

encyclopedia

Scholastics/School of Salamanca

by Alejandro A. Chafuen on Aug 15, 2008

The Scholastics, writing during the late Middle Ages, contributed notions of individual rights and trade that would influence many classical liberals.

encyclopedia

Natural Law

by Fred Miller on Aug 15, 2008

Natural law theorists explain that all man-made law should derive from some universal law of nature, discovered either through divine inspiration or human reason.

encyclopedia

Aristotle (382-322 BC)

by Fred Miller on Aug 15, 2008

Known as one of the most foundational ancient thinkers, Aristotle’s works explored morality and ethics along with government and social organization.

encyclopedia

Antitrust

by Donald J. Boudreaux on Aug 15, 2008

Antitrust legislation seeks to break up big companies and industry monopolies in order to keep markets competitive, but sometimes favors narrow interest groups.

encyclopedia

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.

encyclopedia

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.

encyclopedia

Posner, Richard A. (1939-)

by Aaron Steelman on Aug 15, 2008

Richard A. Posner is a judge and legal theorist whose work was the foundation for the law and economics movement, which approaches law through economics.

encyclopedia

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.

encyclopedia

Capitalism

by Stephen Davies on Aug 15, 2008

Capitalism is the economic system in the majority of modern democracies today, in which the private ownership, exchange, and use of property is promoted.

encyclopedia

Anti-Corn Law League

by Aaron Steelman on Aug 15, 2008

The Anti-Corn Law League was a group that opposed the protectionist British Corn Laws and have been praised for achieving radical libertarian reform.

encyclopedia

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.

encyclopedia

Cobden, Richard (1804-1865)

by John M. Brady on Aug 15, 2008

One of the leaders of the Anti-Corn Law League, Richard Cobden is considered an example of a liberal thinker with considerable success in changing British policy.

encyclopedia

Anarchism

by Bryan Caplan on Aug 15, 2008

The most minimal proposed form of state organization, anarchism, is the philosophy of the absence of government.