Audio Mises Wire Audio Mises Wire

Libertarian Realism as Foreign Policy

Oct 7, 2026

Summary

This episode features Joseph Solis Mullen’s essay on "Libertarian Realism," a foreign policy framework that synthesizes libertarian normative standards with realist and public choice theories. Mullen argues that to understand state behavior, one must look beyond official claims of national interest to the specific incentives and institutional structures driving policymakers. By applying this method, the essay identifies an inherent interventionist bias in foreign policy, where concentrated benefits for defense contractors and bureaucrats are offset by dispersed costs for the public. Ultimat…

Topics discussed

Introduction to Libertarian Realism and Rothbard Rothbard's empirical approach to foreign policy Justin Raimondo's development of the concept Distinguishing from other realist interpretations Defining the method: Normative, Empirical, Mechanism Critiquing the 'National Interest' explanation Public choice: Incentives without conspiracy Concentrated benefits vs. dispersed costs Institutional incentives in the foreign policy establishment The state as a product of individual decisions Interventionist bias and lack of market discipline The normative basis: Non-aggression principle Defense vs. intervention and burden of proof The two core questions of Libertarian Realism Conclusion and distinction between justification and explanation
Listen ad-free on Castria