Richard Epstein At The Hoover Institution-‘My Rand Paul Problem’

Full piece here.

‘The renewed attention to Paul exposes the critical tension between hard-line libertarians and classical liberals. The latter are comfortable with a larger government than hard-core libertarians because they take into account three issues that libertarians like Paul tend to downplay: (1) coordination problems; (2) uncertainty; (3) and matters of institutional design.’

Epstein has a wealth of practical knowledge and theory on law and economics, especially from the libertarian point-of-view:

‘It is important to understand the differences in views between the strong libertarian and classical liberal position. Serious hard-line libertarian thinkers include Murray Rothbard and Karl Hess. Rothbard believes nonaggression is the sole requirement of a just social order. For Hess, “libertarianism is the view that each man is the absolute owner of his life, to use and dispose of as he sees fit.” There are large kernels of truth in both propositions. It is quite impossible to see how any social order could be maintained if there were no limitations against the use, or threatened use, of force to enslave or butcher other people, which Hess’s proposition of absolute self-ownership strongly counteracts.’

He finishes with:

‘As Tanenhaus and Rutenberg note, Rand Paul knows that he must move to the center to become a credible political candidate. If he embraces a classical liberal framework, he can meet the objections of his critics without abandoning the best elements of his own libertarian position. ‘

Food for thought.

From the progressive and non-classically liberal-Left, I’m guessing Rand Paul criticism could move from the typical loony-libertarian stuff, to that of a middle-ground-seeking sellout/opportunist if he’s seen as more successful, and therefore more of a threat.  Typical battle-space preparation would likely ensue.

The Right has problems with Paul’s generally anti-war sympathies, and libertarian pro-individual freedom positions more broadly.  Pro-pot, pro-porn, and pro-legalized prostitution talk amongst libertarian circles won’t exactly bring-out the social and religiously conservative vote.  Also, it’s probably worthy of note that nationalism and patriotism have been taking big hits on longer trend lines, or at least in the current mood, it will be harder to justify military spending with a foreseeably unresponsive and bloated Federal Government (technology and globalization, Moore’s Law and the rise of Big Data are all thrown into the mix as well).

Americans are probably not going to be terribly happy with their politics for awhile, and it could be just as hard to justify high-military spending politically from the Right as it is the disastrous Obamacare and more government waste from the progressive Left.

Any thoughts and comments are welcome.

From Malcolm Greenhill: ‘I believe my good friend, Jeff Hummel, has made the best attempt so far at solving the public goods problem of national defense:’

http://mises.org/document/274/National-Goods-versus-Public-Goods-Defense-Disarmament-and-Free-Riders

Related On This Site: Anarcho-capitalism:  Pro-market, anti-state, anti-war…paleo-libertarian: Link To Lew Rockwell Via A Reader…Anarcho-syndicalist, libertarian socialist and sometime blind supporter of lefty causes:  Via Youtube: (1 of 3) Kant, Chomsky and the Problem of KnowledgeTwo Sunday Quotations By Albert Jay Nock in ‘Anarchist’s Progress’

Catholic libertarianism: Youtube Via Reason TV-Judge Napolitano ‘Why Taxation is Theft, Abortion is Murder, & Government is Dangerous’

New liberty away from Hobbes…rule-following punishers?:Repost-From Public Reason: A Discussion Of Gerald Gaus’s Book ‘The Order of Public Reason: A Theory of Freedom And Morality In A Diverse And Bounded World’

Steven Pinker curiously goes Hobbesian and mentions an ‘international Leviathan’:   At Bloggingheads Steven Pinker Discusses War And Thomas Hobbes

Covering the law and economics from a libertarian perspective: Richard Epstein At The Hoover Institution Journal: ‘Three Cheers for Income Inequality’Richard Epstein At The Hoover Institution: ‘Death By Wealth Tax’

I’ve got enough friends, thanks, and I’ll read about behavioral economics on my own: Cass Sunstein At The New Republic: ‘Why Paternalism Is Your Friend’Sheldon Richman At Reason: ‘Classical Liberalism Vs. Modern Liberalism’

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Categories: Economy, Law, Philosophy, Politics, Public Debate

Author:chr1

An independent blogger seeking to discuss deeply while keeping an open mind. I'm mostly on the right, but living in Seattle I have to think about what that means on a daily basis. I like to read philosophy.

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