What Libertarianism Is…


…and What it Must Do

 By Duncan Whitmore

Anyone who has taken the time to study in depth the wealth of scholarly literature of Austro-libertarianism cannot help but be enthralled by the intellectual treasures provided by our school of thought. Not only have we uncovered a body of knowledge which – especially in comparison to mainstream social science – is rigorous, scientific, coherent and interdisciplinary, but, as the true successors of classical liberalism, we have an inspiring vision of the future that can sweep away war, conflict, strife and poverty while propelling the human race to unheard of heights of peace and prosperity. Indeed, for many of us Austro-libertarianism has been the most joyous and rewarding discovery of our lives, providing a sheltered harbour in a world which would otherwise leave us adrift in a sea of chaos.

Unfortunately, we are forced to admit that the intellectual accomplishments of Austro-libertarians are disproportionate to our achievements in effecting real world change which, by comparison, are almost miniscule. Although most forms of direct socialism have been discredited by the disaster that was the Soviet Union, we are today living in a world of unprecedented state power which the majority of the population, buoyed by a sense of control instilled by their occasional visits to the ballot box, views as entirely legitimate. It is bad enough that the modern nation state has accreted to itself power and functions that ancient kings and emperors could only dream of; but we are confronted also by a pervasive attitude that any difficulty, problem, error, injustice or whatever that life may choose to throw at us – including our own personal foibles and failings – is always the state’s responsibility to solve. The problems of paper money, the welfare state, boom and bust, public “education”, crippling regulation, disastrous overseas wars and all of the other ills bred by the state are not going to be vanquished when the majority of the public regards this institution as the magic carpet that will whisk us all away to the land of milk and honey. Continue reading

Why Libertarians Should Read Mises – Part Two


Why Libertarians Should Read Mises

Part Two

By Duncan Whitmore

Introduction

In Part One of this series of three essays exploring the significance of Ludwig von Mises for libertarian thought, we examined the specific place that Mises holds in our tradition, and outlined the unique sophistication of his utilitarian theory in favour of freedom compared to that of other theories that can be grouped into this bracket.

In this part we will turn our attention to a detailed analysis of the action axiom – the keystone of Misesian economic theory – and its implications for concepts that we readily encounter in libertarianism.

Somewhat ironically, it was largely as a result of his influence that the wertfreiheit of Mises’ praxeology was regarded as a separate discipline from the search for an ultimate, ethical justification of liberty – a belief that was sustained by Murray N Rothbard.1 In more recent years, Hans-Hermann Hoppe has probably come closest to providing a link between the two through his derivation of “argumentation ethics” within the praxeological framework, and his identification of the pervasive problem of scarcity – a key praxeological concept – as underpinning any system of ethics.

Nevertheless, one may conclude that a full reconciliation, or synthesis, between the two is still wanting and that there remain other important commonalities to which this essay will seek to provide an introduction. Some of what we will learn below will have implications for a general understanding of right, and that the truths we reveal are inescapable for any political philosophy. Others will be specifically pertinent to libertarianism and will provide us with insights as to how we can further the libertarian goal. Continue reading