Portal:Libertarianism


Introduction

Libertarianism (from French: libertaire, itself from the Latin: libertas, lit.'freedom') is a political philosophy that upholds liberty as a core value. Libertarians seek to maximize autonomy and political freedom, emphasizing equality before the law and civil rights to freedom of association, freedom of speech, freedom of thought and freedom of choice. Libertarians are often skeptical of or opposed to authority, state power, warfare, militarism and nationalism, but some libertarians diverge on the scope of their opposition to existing economic and political systems. Various schools of libertarian thought offer a range of views regarding the legitimate functions of state and private power. Different categorizations have been used to distinguish various forms of Libertarianism. Scholars distinguish libertarian views on the nature of property and capital, usually along left–right or socialistcapitalist lines. Libertarians of various schools were influenced by liberal ideas.

In the mid-19th century, libertarianism originated as a form of left-wing politics such as anti-authoritarian and anti-state socialists like anarchists, especially social anarchists, but more generally libertarian communists/Marxists and libertarian socialists. These libertarians sought to abolish capitalism and private ownership of the means of production, or else to restrict their purview or effects to usufruct property norms, in favor of common or cooperative ownership and management, viewing private property in the means of production as a barrier to freedom and liberty. While all libertarians support some level of individual rights, left-libertarians differ by supporting an egalitarian redistribution of natural resources. Left-libertarian ideologies include anarchist schools of thought, alongside many other anti-paternalist and New Left schools of thought centered around economic egalitarianism as well as geolibertarianism, green politics, market-oriented left-libertarianism and the Steiner–Vallentyne school. After the fall of the Soviet Union, libertarian socialism grew in popularity and influence as part of anti-war, anti-capitalist and anti- and alter-globalisation movements. (Full article...)

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The Austrian School is a heterodox school of economic thought that emphasizes the spontaneous organizing power of the price mechanism. Its name derives from the identity of its founders and early supporters, who were citizens of the old Austrian Habsburg Empire, including Carl Menger, Eugen von Böhm-Bawerk, Ludwig von Mises and Nobel laureate Friedrich Hayek. Currently, adherents of the Austrian School can come from any part of the world, but they are often referred to simply as Austrian economists and their work as Austrian economics.

The Austrian School was influential in the late 19th and early 20th century. Austrian contributions to mainstream economic thought include involvement in the development of the neoclassical theory of value and the subjective theory of value on which it is based as well as contributions to the "economic calculation debate" which concerns the allocative properties of a centrally planned economy versus a decentralized free market economy. From the middle of the 20th century onwards, it has been considered outside the mainstream, with notable criticisms related to the Austrian School leveled by economists such as Bryan Caplan, Jeffrey Sachs and Nobel laureates Paul Samuelson, Milton Friedman and Paul Krugman. Followers of the Austrian School are now most frequently associated with American libertarian political perspectives that emanate from such bodies as the Ludwig von Mises Institute and George Mason University in the United States.

Austrian School principles advocate strict adherence to methodological individualism—analyzing human action exclusively from the perspective of an individual agent. Austrian economists also argue that mathematical models and statistics are an unreliable means of analyzing and testing economic theory and advocate deriving economic theory logically from basic principles of human action, a method they term "praxeology". Additionally, whereas experimental research and natural experiments are often used in mainstream economics, Austrian economists contend that testability in economics is virtually impossible since it relies on human actors who cannot be placed in a lab setting without altering their would-be actions. Mainstream economists are generally critical of methodologies used by modern Austrian economists—in particular, a primary Austrian School method of deriving theories has been criticized by mainstream economists as a priori "non-empirical" analysis and differing from the practices of scientific theorizing as widely conducted in economics.

Austrian School economists generally hold that the complexity of human behavior makes mathematical modeling of an evolving market extremely difficult (or undecidable) and advocate a laissez faire approach to the economy. They advocate the strict enforcement of voluntary contractual agreements between economic agents and hold that commercial transactions should be subject to the smallest possible imposition of coercive forces. In particular, they argue for an extremely limited role for government and the smallest possible amount of government intervention in the economy.

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My idea of a perfect government is one guy who sits in a small room at a desk, and the only thing he's allowed to decide is who to nuke. The man is chosen based on some kind of IQ test, and maybe also a physical tournament, like a decathlon. And women are brought to him, maybe...when he desires them.
— Ron Swanson (2009)
Parks and Recreation (Season 1)

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The black rays symbolize the rejection of illegitimate authority and hierarchy while the red rays symbolize socialism (workers' control of production) and democratic governance within workplaces and communities

General images

The following are images from various libertarianism-related articles on Wikipedia.
Barnett in 2022

Randy Evan Barnett (born February 5, 1952) is an American legal scholar. He serves as the Patrick Hotung Professor of Constitutional Law at Georgetown University, where he teaches constitutional law and contracts, and is the director of the Georgetown Center for the Constitution.

After graduating from Northwestern University and Harvard Law School, Barnett tried felony cases as a prosecutor in the Cook County State's Attorney's Office in Chicago. A recipient of a Guggenheim Fellowship in Constitutional Studies and the Bradley Prize, Barnett has been a visiting professor at Penn, Northwestern and Harvard Law School. (Full article...)

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