Milton Friedman calls himself a small “l” libertarian. Just because he does so, however, does not mean we have to concur with this self-styled description. Friedman is thus maintaining that while he does not vote for the latter, perhaps for strategic reasons, its philosophy on political...

The moral status of economic liberty is a critical point of contention within liberal theory. Classical liberals, including Tomasi, suggest that economic activity is fundamental for exercising personal autonomy and its protection to be to the overall benefit of all persons. By contrast,...

The libertarian defense of free enterprise, free trade, and freedom from government regulations and controls is grounded in a normative commitment to individual freedom. The majority of the economics profession, including the Chicago School, are committed in the first instance to methodological...