 This faction walked out of the national convention and eventually formed their own group, the American Reform Party, and attempted to convince Lamm to run as an Independent in the general election; Lamm declined, pointing out a promise he made before running that he would respect the Party's final decision.Economist Pat Choate was nominated for Vice President.Libertarian candidates

The Libertarian Party nominated free-market writer and investment analyst, Harry Browne of Tennessee, and selected Jo Jorgensen of South Carolina as his running-mate.