Economists Criticizing Libertarianism

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Libertarians like to suggest that economics backs their ideology, but numerous economists disagree.


23 Things They Don't Tell You About Capitalism (book, online) (1 link)
A strong proponent of mixed economies details many problems of unregulated capitalism.
A Day in Rothbardian Anarcho-Capitalist Paradise [More...]
Rampant inequality, poverty, disease, crime and violence. "Libertarians have a major problem: there are very few people indeed who would want such a society or think that it would be a good place to live in."
An FAQ for Libertarians [More...]
Nine common libertarian questions/accusations answered by UnlearningEcon. Gets to the heart of things nicely.
EconoTrolls: An Illustrated Bestiary [More...]
An Illustrated Bestiary of the Econ Blogworld, helping you to identify libertarians, Austrians, Republicans, and a host of other creatures you will encounter in economics blogs.
I Pencil: A product of the mixed economy [More...]
John Quiggan unpacks the propaganda from Leonard Read's I Pencil. Pencils are products of the mixed economy, not of mythical free markets.
Math vs. Reaganomics: Why GOP's anti-tax hysteria falls flat [More...]
Mathematician Jordan Ellenberg points out some fallacies of Cato Institute propaganda, Voodoo Economics, and the Laffer Curve, based on the difference between linearity and nonlinearity.
Mind over Market [More...]
Nobel laureate Michael Spence writes:"[...] most societies have important economic and social objectives that markets and competition are not designed to achieve. In today’s rapidly globalizing world, the most important of these objectives – expressed in various ways through the political and policymaking process in a wide range of countries – are stability, distributional equity, and sustainability."


The majority of economic activity takes place without any direct connection to markets, undertaken in the household or government sector, or within large corporations that trade in the market sector, but use central planning to organize their own activities.
John Quiggin, "I Pencil: A product of the mixed economy"
And deserts—the fact that some people deserve what they have and others do not? That idea never made any sense to Adam Smith, for he saw that the overwhelming bulk of our wealth is our joint product through our collective division of labor, rather than the individual creation of some Randite John Galt, who if truly left to stand alone on his own two feet without the social division of labor would soon have his bones bleaching in some Colorado canyon.
Brad DeLong, "Shrugging off Atlas"