Law and Ethics
In The Ethics of Liberty, Rothbard argues that a just legal code must treat this particular type of aggression as a continuum of severity rather than a binary, and that the proper remedy is proportional restitution rather than retributive punishment.
What is invasion of property rights (or trespass / property aggression)?
Mises’s original formulation of the calculation argument in 1920 focused specifically on the impossibility of this under socialism, not merely on incentive problems.
What is rational economic calculation in terms of cardinal utility or money prices?
This 19th-century Belgian economist and follower of Bastiat wrote The Law of Human Progress and is frequently cited by Rothbardians for his early formulation of the class theory of the state as a parasitic apparatus.
Who is Gustave de Molinari?
...Or was is Auberon?
In Man, Economy, and State, Rothbard’s chapter on monopoly price theory concludes that the only coherent definition of monopoly is this.
What is a grant of privilege from the state?
Westin Smith's sexual alignment.
What is a homosexual?
Hoppe’s argumentation ethics claims that the very act of engaging in propositional discourse presupposes the validity of the non-aggression principle with respect to this specific resource.
What is one’s physical body / self-ownership of the body?
In pure time-preference theory (as developed by Mises and Rothbard), the interest rate is determined solely by this ranking and is independent of the physical productivity of capital goods.
What is time preference? (It's in the question, dawg)
In Democracy: The God That Failed, Hoppe argues that democracy systematically selects for this type of ruler relative to monarchy.
What is high time preference?
Hoppe’s A Theory of Socialism and Capitalism contains a formal proof that this economic system is impossible because it cannot generate the cardinal numbers required for economic calculation.
Requires a verbatium answer.
What is "Socialism Russian Style"?
An extremely niche academic term.
What is a Rothbard?
Walter Block’s “evictionism” position on abortion rests on the claim that the unwanted fetus is this type of entity under libertarian property theory.
What is a trespasser?
Hayek’s knowledge problem is most precisely stated as the claim that the data required for rational economic planning do not exist in concentrated form anywhere, but are dispersed as this type of knowledge.
What is tacit or practical knowledge?
David Friedman’s The Machinery of Freedom contains a chapter that models private law as a market in which this specific product is sold by competing agencies.
What is law, rights enforcement, or dispute resolution?
In For a New Liberty, Rothbard’s discussion of the private production of defense includes a specific historical example of this institution that he claims approximated anarcho-capitalist security provision.
What is the medieval Icelandic / medieval Irish system?
Mercyless One's favorite larp and self proclaimed ideology.
What is an Anarcho-Corporatocracy?
In a pure private-law society, this is the name given to the process by which competing defense agencies and arbitration firms converge on a common body of legal rules through reputation and inter-agency agreements rather than through legislative enactment.
What is the evolution of polycentric law?
The Austrian theory of the business cycle identifies the secondary wave of this phenomenon, following the initial credit-induced boom, as the more destructive phase that liquidates the malinvestments.
What is secondary deflation?
This contemporary anarcho-capitalist theorist is best known for developing the concept of “panarchism” and for arguing that competing legal systems can exist in the same territory without requiring territorial exclusivity.
Who is John Zube?
David Friedman’s The Machinery of Freedom (3rd edition) contains a chapter that uses this economic concept to explain why private defense agencies would have strong incentives not to go to war with one another.
What is the reciprocity of costs or the internalization of externalities via repeated interaction?
To correctly answer this question, you must do something that is supposed to never be done.
*Quack*
According to the Rothbard–Hoppe tradition, the right to homestead unused land is limited by this Lockean-style proviso that has been heavily modified: one may appropriate only so much as one can “mix labor with” while leaving enough and as good for others in the relevant sense of economic opportunity rather than physical resources.
What is the Lockean proviso?
In the debate over the pure time-preference theory of interest, this critic (often cited by modern Austrians) argued that interest would exist even in a pure exchange economy with no production, solely because of differing time preferences.
Who is Frank Fetter?
In his essay “The Anatomy of the State,” Rothbard draws heavily on this earlier thinker’s distinction between the “political means” and the “economic means” of acquiring wealth.
Who is Franz Oppenheimer?
In The Ethics of Liberty, Rothbard’s treatment of the “children’s rights” problem concludes that parents may not aggress against children but also may not be forced to continue supporting them beyond this point.
What is the point at which the child can be considered to have homesteading rights over his or her own body / the age of self-ownership or the point of abandonment rights?
Gamer Rothbard's analysis of homesteading.
What is Mine... and Craft?