Saturday, March 15, 2014

Classical Liberalism vs. Libertarianism

If you're interested in learning more about the subtle, but important, distinctions between these two views, you should invest an hour or so this weekend and listen to this recent EconTalk.  It features one of the most brilliant minds you'll ever come across, Richard Epstein.  Here's the synopsis on the podcast:
Richard Epstein, of New York University and Stanford University's Hoover Institution, talks with EconTalk host Russ Roberts about the differences between classical liberalism and hard-line libertarianism. What is the proper role of the state? Topics discussed include the Constitution, prudent regulation, contract enforcement, intellectual property, and the Supreme Court case, Lochner vs. New York.
I should warn you, however, that the talk is not for the intellectually feint of heart -- Epstein is crazy articulate and his base of knowledge is mind-boggling.  Add to that the fact that he talks a mile a minute, and you have a definite challenge on your hands.  But it is so worth the effort, as it always is with Epstein.  If you like him, and his views, you can check out previous EconTalk episodes with him by accessing the archives at the link above.  I, of course, recommend that you do just that.