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Minimal State

by David Conway on Aug 15, 2008

The minimal state solution is one wherein the state provides protection for the people in its domain but does nothing else.

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Nozick, Robert (1938-2002)

by Ellen Frankel Paul on Aug 15, 2008

Robert Nozick’s work, especially his book Anarchy, State, & Utopia, re-interested many people in political philosophy and libertarianism.

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Rothbard, Murray (1926-1995)

by Brian Doherty on Aug 15, 2008

Murray Rothbard’s writings provided a detailed and systematic explanation of politics, society, and economics consistent with libertarian ideas.

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State

by Paul Dragos Aligica on Aug 15, 2008

What the state should look like varies even among libertarians.

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Tucker, Benjamin R. (1854-1939)

by Aaron Steelman on Aug 15, 2008

Benjamin R. Tucker was the editor of the periodical, Liberty, which was dedicated to spreading Tucker’s ideas about individualist anarchism.

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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, and thus government interference in society.

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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.

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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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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 as a model for achieving radical libertarian reform.

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Capitalism

by Stephen Davies on Aug 15, 2008

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

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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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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.

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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.

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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.

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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.

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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.

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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.