Or is it Austrian libertarians?
Several weeks ago I was putting together a post on various topics. After I had a good draft, I decided not to publish it – most of it was just me whining. One section I found worthwhile, and turned it into a post about culture and why culture matters to some libertarians.
This is a post about another section: the intersection of libertarian theory and Austrian economics, and why those drawn to one are so regularly drawn to the other. I suspect this road has been travelled before; I only will offer a modified version of what I concluded.
What kind of libertarian are you?
One who believes the non-aggression principle grounded in private property.
While I’m at it, let’s cover the Austrian ground
I think more so than Austrian, I would describe my economics as free-market. Of course, the Austrian School comes infinitely closer to this ideal than any other school of economic thought (of which, frankly, there is only one other school of economic thought – some form of central planning and interventionism).
How would I define free market economics? The non-aggression principle grounded in private property. Funny how that works.
The non-aggression principle grounded in private property – I cannot think of a much better definition for each of libertarian theory and Austrian economics.