The inaugural volume in Liberty Fund’s new Collected Works of Israel M. Kirzner series established Kirzner as a careful and meticulous scholar of economics. No other living economist is so closely associated with the Austrian school of economics as Israel M. Kirzner, Professor Emeritus of Economics at New York University. He has been a leader of the generation of Austrian school economists following Ludwig von Mises and F. A. Hayek.
Economic Policy contains six lectures Ludwig von Mises delivered in 1959 for the Centro de Estudios sobre la Libertad in Argentina. The lectures were posthumously edited by Mises’s wife, Margit, and George Koether, a student and long-time friend of Mises. This volume serves as an excellent introduction to what Mises sees as the simple truths of history in terms of economic principles. In straightforward language, Mises explains topics such as capitalism, socialism, interventionism, inflation, foreign investment, and economic policies and ideas.
Economic Sense and Nonsense comprises a collection of sixty essays written by Anthony de Jasay for his monthly column “Reflections from Europe,” on Liberty Fund’s Library of Economics and Liberty website. The articles span the years 2008 to 2012 and focus on economic issues of topical concern in Europe.
This volume, the third in our Collected Works of Frédéric Bastiat, includes two of Bastiat’s best-known works, the collected Economic Sophisms and the pamphlet What Is Seen and What Is Not Seen. We are publishing here for the first time in English the Third Series of Economic Sophisms, which Bastiat had planned but died before he could complete the project.
The role of the democratic state in the redistribution of wealth is the topic of this readable and lively examination of an often controversial issue. Using public choice and rent-seeking analysis as a basis, Tullock discusses the role of the democratic state in the redistribution of wealth. He adds a refreshing dose of realism to a field of economics that is often dominated by idealistic visions.
In the turbulent years between passage of the Federal Reserve Act (1913) and the Bretton Woods Agreement (1945), the peoples of the Western world suffered two world wars, two major and several minor international financial panics, an epidemic of currency devaluations and debt repudiations, civil wars, and revolutions.
The Economics of Politics is the fourth volume in Liberty Fund’s The Selected Works of Gordon Tullock. This volume includes some of Gordon Tullock’s most noteworthy contributions to the theory and application of public choice, which is a relatively new science that links economics and political action. This volume combines the best parts of two of his books, Private Wants: Public Means and On Voting, as well as his famous monograph The Vote Motive.
Gordon Tullock delights in deploying rational-choice analysis effectively to areas widely considered to be outside the domain of economics. This volume illustrates the strength of this endeavor by reproducing the very best chapters from his controversial textbook The New World of Economics. It also highlights Tullock’s innovative contributions to bioeconomics, another area in which he pioneered the application of economic methods. Other sections of this volume reproduce his best contributions to more traditional areas of study, further solidifying the innovative strength of his scholarship.
First published in German in 1933 and in English in 1960, Epistemological Problems of Economics presents Ludwig von Mises’s views on the logical and epistemological features of social interpretation as well as his argument that the Austrian theory of value is the core element of a general theory of human behavior that transcends traditional limitations of economic science.
The Liberty Fund edition is a modernized translation of Richard Cantillon’s Essai sur la nature du commerce en général (1755) with a new introduction by Antoin E. Murphy. In the Essay, Cantillon outlined an extraordinary model-building approach showing how the economy could be built up, through progressive stages, from a command, barter, closed economy to a market economy, which uses money and is open. Though written in the eighteenth century, the Essay has a considerable resonance for a twenty-first century audience.
Essays on Capital and Interest presents a collection of writings on capital theory that serve both as a discourse in the history of economic thought and as conceptual clarification in one of the most complex subjects in economics.
Liberty Fund is pleased to make available in paperback eight of the original thirty-three cloth volumes of the Collected Works of John Stuart Mill that were first published by the University of Toronto Press that remain most relevant to liberty and responsibility in the twenty-first century. Born in London in 1806 and educated at the knee of his father, the Scottish philosopher James Mill, John Stuart Mill became one of the nineteenth century’s most influential writers on economics and social philosophy.