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As a term, libertarian or economic libertarian has the most everyday acceptance to describe a member of the movement, with the latter term being based on both the ideology's importance of economics and its distinction from libertarians of the New Left. [88] A diagram of the typology of beliefs in libertarianism (both left and right, respectively)
The defining characteristics of libertarian legal theory are its insistence that the amount of governmental intervention should be kept to a minimum and the primary functions of law should be enforcement of contracts and social order, though social order is often seen as a desirable side effect of a free market rather than a philosophical ...
In May 1955, the term libertarian was first publicly used in the United States as a synonym for classical liberal when writer Dean Russell (1915–1998), a colleague of Leonard Read and a classical liberal himself, proposed the libertarian solution and justified the choice of the word as follows: Many of us call ourselves "liberals."
Natural-rights libertarianism may include both right-libertarianism and left-libertarianism. [28] Consequentialist libertarians argue that a free market and strong private property rights bring about beneficial consequences, such as wealth creation or efficiency, rather than subscribing to a theory of rights or justice. [29]
The following outline is provided as an overview of and topical guide to libertarianism: Libertarianism – political philosophy that upholds liberty as its principal objective. As a result, libertarians seek to maximize autonomy and freedom of choice, emphasizing political freedom, voluntary association and the primacy of individual judgment.
Libertarian socialism strives for a free and equal society, [1] aiming to transform work and everyday life. [2] Broadly defined, libertarian socialism encapsulates any political ideology that favours workers' control of the means of production and the replacement of capitalism with a system of cooperative economics, [3] [4] or common ownership. [5]
While all libertarians begin with a conception of personal autonomy from which they argue in favor of civil liberties and a reduction or elimination of the state, left-libertarianism encompasses those libertarian beliefs that claim the Earth's natural resources belong to everyone in an egalitarian manner, either unowned or owned collectively.
Civil libertarianism is a strain of political thought that supports civil liberties and rights, or which emphasizes the supremacy of individual rights and personal freedoms over and against any kind of authority (such as a state, a corporation, social norms imposed through peer pressure and so on).