Libertarian Rectification: Restitution, Retribution, and the Risk-Multiplier

Journal of Value Inquiry 34 (2/3):287-297 (2000)
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Libertarians typically object to having the state deal with law and order for several general reasons: it is inefficient; it is carried out at the expense of taxpayers; and it punishes so-called victimless crimes. Exactly what the observance of liberty implies with respect to the treatment of tortfeasors and criminals is more controversial among libertarians. A pure theory of libertarian restitution and retribution is mainly what is attempted here, without becoming involved in general moral anti-state arguments. However, the pure theory alone will raise practical problems that require immediate response if the theory is to appear at all plausible.
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