Consequentialist libertarianism
This article is part of a series on |
Libertarianism in the United States |
---|
Consequentialist libertarianism, also known as consequentialist liberalism or libertarian consequentialism,[1] is a libertarian political philosophy and position that is supportive of a free market and strong private property rights only on the grounds that they bring about favorable consequences such as prosperity or efficiency.[2]
Overview
What consequentialist libertarians advocate is derived through cost–benefit calculation, taking a broad account of consequences.
Unlike deontological libertarians, consequentialist libertarians advocate actions they believe bring about favorable consequences regardless of whether these constitute initiation of force.[6][7] For example, unlike deontological libertarians, some consequentialist libertarians support eminent domain and involuntary taxes.[8] Particular views vary among consequentialist libertarians, with political theorist David D. Friedman supporting a consequentialist form of anarcho-capitalism where the content of law is bought and sold rather than there being an established legal code forbidding initiation of force.[9]
Notable consequentialist libertarians
- Milton Friedman[10]
- David D. Friedman[11]
- Peter Leeson[11]
- Ludwig von Mises[11]
- Friedrich Hayek[12][13][14]
- R. W. Bradford[15]
See also
- Chicago school of economics
- Classical economics
- Classical liberalism
- Debates within libertarianism
- Dispersed knowledge
- Free-market environmentalism
- Geolibertarianism
- Left-libertarianism
- Natural rights libertarianism
- Night-watchman state
- Optimal tax
- Outline of libertarianism
- Pragmatism
- Public choice
- Right-libertarianism
- Subjective theory of value
- Utilitarianism
References
- ^ Yeager, Leland B. (2001). Ethics As Social Science: The Moral Philosophy of Social Cooperation. Edward Elgar Publishing. p. 283
- ^ a b Wolff, Jonathan. "Libertarianism, Utility, and Economic Competition" (PDF). Virginia Law Review. Archived from the original (PDF) on 2013-01-12.
{{cite journal}}
: Cite journal requires|journal=
(help) - ^ Miron, Jeffrey A. (2010). Libertarianism: From A to Z. Basic Books. p. 39.
- ^ Bradford, R. W. (2008). "The Two Libertarianisms". Liberty. Liberty Foundation.
- ^ Zwolinski, Matt. "Libertarianism". Internet Encyclopedia of Philosophy. Retrieved 23 August 2008.
- ^ Murray, Charles; Friedman, David D.; Boaz, David; Bradford, R. W. (January 2005). "What's Right vs. What Works". Liberty. 19 (1): 31.
- ^ Barnett, Randy E. "The Moral Foundations of Modern Libertarianism". In Berkowitz, Peter, ed. (2004). Varieties of Conservatism in America. Hoover Press.
- ^ Epstein, Richard; Barnett, Randy; Friedman, David D.; Pinkerton, James P. (March 2004). "Coercion vs. Consent". Reason.
- ^ Friedman, David (1973). The Machinery of Freedom: Guide to a Radical Capitalism. Harper & Row. pp. 127–128.
- ^ "Milton Friedman on Libertarianism (Part 1 of 4)". YouTube. Retrieved 22 January 2020.
- ^ a b c Younkins, Edward W. (6 July 2002). Mises' Utilitarianism as Social Cooperation.
- ^ Liggio, Leonard P. (Winter 1982). "Hayek's Constitution of Liberty: Ethical Basis of the Juridical Framework of Individual Liberty". Literature of Liberty. 5 (4).
- ^ Gray, John N. (1982). F. A. Hayek and the Rebirth of Classical Liberalism.
- ^ Ebenstein, Alan O. (2001). Friedrich Hayek: A Biography. p. 383.
- ^ Walker, Jesse (10 December 2005). "R.W. Bradford, RIP". Reason. Retrieved 9 December 2019.