Overview
History
Theory in Depth
Theory in Action
Analysis and Critical Response
Topics for Further Study
Bibliography
See Also

Overview

Despite the obstacles of many centuries, national boundaries, and terminology confusion, the tradition known since the 1950s as libertarianism forms a coherent legacy from its founding by fathers John Locke and Adam Smith in the sixteenth and seventeenth centuries through its organization as a U.S. political party in 1971 and beyond. This individualist political theory has spawned classic works, inspired revolutions, fueled activist movements, and earned Nobel Prizes. Its history has included a rise and decline, and the end of the twentieth century revealed a reemergence for this long–lived tradition. Individual rights, property, constitutionalism, and universalism form the heart of libertarianism.

History

It is not unusual for the term libertarianism to bring blank stares from theorists and politicians alike; one joke suggests that a libertarian is what...