The decline of libertarianism — also known as propertarianism — has inspired a lot of discussion in the past couple of years. The economist Tyler Cowen recently disavowed the label, affirming his commitment to a modified version of the philosophy that he calls “State Capacity Libertarianism.”
Cowen’s defection continues the exodus of intellectually serious figures from the libertarian milieu, most notably to the so-called liberaltarian Niskanen Center. Both Cowen and the Niskanen cohort have stressed the failure of mainstream libertarianism to formulate an honest response to the climate crisis.