In this entry, George Carey explores the founding principles of conservatism and the ways in which they can be seen in modern conservative thought.
Bureaucratic organizations rely on hierarchal structures and uniform processes to accomplish tasks, an approach to organization that libertarians often critique.
Subsidiarity is decentralized, bottom-up decision-making. Libertarians support decentralization that places the individual in charge of their own decisions.
Spontaneous order theory suggests that society is the aggregate of individual action, and that institutions of society form without government planning.
Henry Thomas Buckle was a great British historian of the 19th century who dedicated his life to completing a comprehensive history of English culture.
Libertarians celebrate increasing individual liberties as the main fuel for human progress - material, moral, and intellectual.
One of the leading economists of the last century, James M. Buchanan was one of the founders of the public choice theory of economics.
Knut Wicksell was a Swedish economist whose insights on banking and investment influenced and anticipated the work of public choice economists.
Gordon Tullock contributed to the start of the public choice school of economics and countered status-quo arguments about the role of government in the market.
Many libertarians argue that though market failures exist, private solutions still work more effectively than government intervention.
Instead of focusing on groups and society, individualism places the individual as the focus of ethical discussion and political agency.
Often called the father of the self-esteem movement, Nathaniel Branden was a noted psychologist and author who favored personal freedom and choice.
Eugen von Böhm-Bawerk and his signature work, Capital and Interest, contributed majorly to the Austrian School of economics and the concept of interest.
Marxism is the philosophy calling for the working class to overcome capitalism and institute a socialist society. Politically, it has only caused disaster.
The Prohibition of alcohol, from 1919-1933, though intended to reduce alcohol consumption, merely made alcohol consumption more dangerous.
Private property succeeds in supporting an ordered, free, and just society where other configurations of property fail.
Prohibitive and restrictive legislation towards drug use is both ineffective and does more harm to individuals than good.
Drug prohibition, or the criminalization and restriction of certain substances, has led to harmful effects to the economy and to human liberty and wellbeing.