Strands of Modern Libertarian Thought

Tyler Cowen outlines what he sees as the major schools within contemporary libertarianism:

1. Cato-influenced (for lack of a better word).  There is an orthodox reading of what “being libertarian” means, defined by the troika of free markets, non-interventionism, and civil liberties.  It is based on individual rights but does not insist on anarchism.  A ruling principle is that libertarians should not endorse state interventions.  I read Palmer’s book as belonging to this tradition, broadly speaking.

2. Rothbardian anarchism.  Free-market protection agencies will replace government-as-we-know-it.  War is evil and the problems of anarchy pale in comparison.  David Friedman offered a more utilitarian-sounding version of this approach, shorn of Misesian influence.

3. Mises Institute nationalism.  Gold standard, a priori reasoning, monetary apocalypse, and suspicious of immigration because maybe private landowners would not have let those people into their living rooms.

4. Jeff Friedman and Critical Review: Everything is up for grabs, let’s be consequentialists and focus on the welfare state because that’s where the action is.  Marx is dead.  The case for some version of libertarianism ultimately rests upon voter ignorance and, dare I say it, voter irrationality.

5. “Hayek libertarianism.”  All or most of the great libertarian thinkers are ultimately compatible with each other and we have a big tent of all sorts of classical liberal ideas.  Hayek and Friedman are the chosen “public faces” of this approach.  “There’s a classical liberal tradition and classical liberal values and we can be fuzzy on a lot of other things.”

I think Left-Libertarianism deserves its own category, but I guess that could be crammed in with Rothbardian Anarchism. Objectivism is another obvious omission. Other than that, it seems like a pretty good descriptive classification (though I’m sure many ’round these parts would define “libertarian” more narrowly than Cowen).

It seems that Rothbardian Anarchism, if we include Left-Libertarianism, is the most common variant among Fr33 Agents. I see myself more of the Cato-influenced school (though reaching more Anarchist conclusions than most Cato folk).

Anyone else care to reveal their position, or suggest additional categories?

About the Author

Brad Taylor is a graduate student in Political Science at the University of Canterbury in Christchurch, New Zealand. He blogs at http://bradtaylor.wordpress.com/. You can follow him on twitter or find him on Fr33 Agents Social.