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Free Trade

by Daniel T. Griswold on Aug 15, 2008

Free trade allows for goods and services to move freely across borders. As a free system, it is the best way to distribute resources to those that value them most.

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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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Bastiat, Frédéric (1801-1850)

by Guido Hülsmann on Aug 15, 2008

Frederic Bastiat was a 19th century economist whose writings have been foundational to the individualism & free trade economics movements.

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Development, Economic

by Ian Vásquez on Aug 15, 2008

State agencies often try to create policy that sparks economic development, yet the proven way to stimulate progress is through economic freedom.

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Wealth and Poverty

by Dwight R. Lee on Aug 15, 2008

Wealth is born from production and meeting the demands of the market. As such, liberty encourages wealth, while government over-regulation may destroy it.

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Welfare State

by Michael D. Tanner on Aug 15, 2008

Most modern democratic states are welfare states, or those that attempt to provide services to citizens through coercive wealth redistribution.

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Bauer, Peter (1915-2002)

by James A. Dorn on Aug 15, 2008

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

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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 and policy focus on money supply.

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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.

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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.

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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.

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Consequentialism

by Terry Price on Aug 15, 2008

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

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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.

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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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Bentham, Jeremy (1748-1832)

by T. Patrick Burke on Aug 15, 2008

Jeremy 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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Euthanasia

by Sigrid Fry-Revere on Aug 15, 2008

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

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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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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.