ABSTRACT

This chapter considers a range of ideas and arguments developed by the proponents of a distinctive left-libertarian view– 'geo-libertarianism' –the basis of which is the absolute prioritization of an unorthodox conception of market freedom. It discusses the roots of the geo-classical theory of distribution in the classical political economy of Adam Smith and David Ricardo, and outlines the explicit expression of the theory in the work of the American journalist and social critic, Henry George. The chapter examines the left-libertarianism of Henry George with 'right-libertarian' conceptions of justice which endorse the absolute prioritization of the orthodox form of market freedom. It considers the most important of the criticisms to which the geo-classical theory has been subjected. The chapter argues that certain features of the theory as it was presented by Henry George have been shown to be erroneous, the theory as a whole has been developed by modern geo-classical thinkers in a form which is highly plausible and defensible.