While the basic tenets of libertarianism — individual liberty, limited government, free markets and peace — seem simple and desirable to a broad swath of society, many people hesitate to identify as libertarian or advocate for libertarian policy proposals. Such reticence often stems from questions about the philosophical, moral, social, or economic justifications behind a liberty-maximizing approach. Can social and economic order emerge when individuals pursue their own interests, or do societies need leaders to govern them? What would happen to social services and infrastructure in a laissez-faire environment? Would culture and prudence dissolve? Would the rich dominate the poor? Cato Senior Fellow Tom G. Palmer discusses these ideas.
Featuring Holly Bell, Associate Professor (Business), University of Alaska Anchorage; and Hester Peirce, Senior Research Fellow, Mercatus Center; moderated by Louise C. Bennetts, Associate Director, Financial Regulation Studies, Cato Institute.
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In this issue of Regulation, Jonathan H. Adler and Nathaniel Stewart make the case for property-based fishery management, utilizing territorial or catch-share allocation among fishery participants. Also in this issue, Michael L. Wachter explores the relationship between the much-maligned National Labor Relations Act and the decline in union membership.
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