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The first known use of the term "Arizona School" was by Andrew Sabl, introducing David Schmidtz at a UCLA Department Colloquium in 2012. Upon being pressed to define "Arizona School" Sabl said the school is broadly libertarian but that its most distinguishing characteristic is that it produces political philosophy that aims to be observation-based and empirically accountable.
The first recorded use of the term bleeding-heart libertarian seems to have been in a 1996 essay by Roderick T. Long. It was subsequently used in a blog post by Stefan Sharkansky and later picked up and elaborated on by Arnold Kling in an article for TCS Daily. Since then, the term has been used sporadically by a number of libertarian writers including Anthony Gregory and Bryan Caplan.
Critics of the bleeding-heart libertarian movement include economist David D. Friedman, for whom bleeding-heart libertarians "insist that social justice ought to be part of libertarianism but are unwilling to tell us what it means."