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.
Reflecting Adam Smith’s wide learning and varied interests, these essays shed considerable light on his place in the Scottish Enlightenment. Included are histories of astronomy, ancient logic, and ancient physics; essays on the “imitative” arts and the affinity between music, dancing, and poetry; and a critical review of Samuel Johnson’s famous Dictionary, which Smith originally published in the Edinburgh Review (1755–1756).
The Essence of Entrepreneurship and the Nature and Significance of Market Process is a continuation of the discourse started in Kirzner’s earlier work, Competition and Entrepreneurship, expanding upon his ideas about entrepreneurship and entrepreneurial alertness. Essence presents most of the detailed research Kirzner has done on the nature of entrepreneurship and the entrepreneurial process in the decades following the publication of his magnum opus. It is during that long period that Kirzner elaborated his approach further, responding to objections and critics, and offering the world a more systematic understanding of the concept of market process.
Everyman’s Dictionary of Economics, the third volume of The Collected Works of Arthur Seldon, translates the often obscure jargon and technical terminology of economics into direct, plain English understandable by both the academic and the layperson. The most abstruse topic becomes clear as he conveys the sense in ordinary language, without loss of meaning through oversimplification.
In his foreword, Geoffrey Brennan states, “The papers in this volume represent a coherent set of pieces focused on aspects of public-expenditure theory and constitute all of Buchanan’s papers in this area.”
It used to be that everyone read the “notorious” Bernard Mandeville (1670–1733). He was a great satirist and came to have a profound impact on economics, ethics, and social philosophy.
As diverse as the papers presented in this volume may seem at first glance, all of them touch on two characteristic themes of James Buchanan’s work: the respect for individual sovereignty and the threat of monopoly power on the rights of the individual.
Money’s unique and essential role in a free market and monetary disequilibrium as the root cause of the business cycle are principles central to the work of economist Leland Yeager. For three decades he has extolled the preeminent importance of money as a source of economic fluctuations whose influence goes well beyond mere changes in interest rates or the price level. Yeager’s work discloses the disruptive consequences of “monetary disequilibrium,” or an imbalance of money supply and money demand. Consequently, he argues that well-designed monetary arrangements and policies are important to the success of any free-market economic system. Similarly, he insists that defects in the existing monetary arrangements in “capitalist” countries are manifestly not inherent in capitalism but are “alterable consequences” of the misguided or even mischievous interventions of government.
In this collection of essays, some of which appear here in English for the first time, F. A. Hayek traces his intellectual roots to the Austrian school. The Fortunes of Liberalism: Essays on Austrian Economics and the Ideal of Freedom also links the Austrian school to the modern rebirth of classical liberal thought.
The fifteen essays in this collection, first published in 1947, treat a variety of economic, social, political, and philosophical problems and were written by a legendary professor of economics at the University of Chicago.
The last volume of this collection is a comprehensive index to the previous ten volumes of The Works and Correspondence of David Ricardo. It gives students, academics, and researchers a single unified source for locating Ricardo’s many contributions to economics. The index is designed to help readers trace their topics of interest through all of Ricardo’s writings, his speeches, and his bilateral correspondence with such luminaries as James Mill, T. R. Malthus, Jean-Baptiste Say, Jeremy Bentham, and Maria Edgeworth.
Now complete in seven titles/eight volumes, this series is the first uniform collection of Adam Smith’s writings. The Glasgow edition is published in hardcover by Oxford University Press. The paperback edition is published by Liberty Fund.