Adam Smith authorized the pursuit of honest income. But what should we do with that income? Max Laraia explores whether Peter ...

The Cato Institute is a public policy research organization—a think tank—dedicated to the principles of individual liberty, limited government, free markets and peace. Its scholars and analysts ...

The spontaneous order theory proposes that order –and societies– emerge from self-interested actions from decentralized individuals with no particular common plan.

Many people believe that liberty is the core political value of modern civilization itself, the one that gives substance and form to all the other values of social life. They're called ...

Smith discusses Henry George’s allegation that Spencer’s later views on land ownership were intellectually dishonest. Smith discusses the mutual misunderstandings of Spencer and George, and George’s ...

Tucker details the long list of differences between the two types of socialism, the one authoritarian and the other libertarian.

A superb introduction for the newcomer, Modern Libertarianism is a tribute to those who advocated for the cause of political liberty in America in the 20th century.

Baetjer explains scarcity, the problem that any given good of finite supply can only ever be put to some of the many ends for which we might use it, and opportunity cost, the concept that taking one ...

Joel Feinberg's work on desert plays a pivotal role in modern libertarian moral philosophy.

Martin Van Buren could have warned us that Donald Trump is what you get when a modern political party stops functioning like one. Sanders' frontrunner status is a symptom of the devolution of the ...

In the Marginal Revolution, economics abandoned the cost-of-production theory of value used by the classical economists in favor of the modern, marginal theory of value.