In the sixteenth and early seventeenth centuries, clerics gave lectures at the University of Salamanca on such topics as the varying purchasing power of money, the morality of money, and how price is determined. While she was teaching at the London School of Economics, Marjorie Grice-Hutchinson was urged to investigate early records of these lectures. Her study of the manuscript notes of these then-obscure lectures led to her interest in the development of economic ideas in early Spain and their subsequent influence on the rest of Western Europe.
Dr. Hoff’s 1938 book and Professor Vaughn’s important introduction establish the theoretical impossibility of socialism: a system empirically in ruins but still advocated by many.
Economic Freedom and Interventionism is both a primer of the fundamental thought of Ludwig von Mises and an anthology of the writings of perhaps the best-known exponent of what is now known as the Austrian school of economics. This volume contains forty-seven articles edited by Mises scholar Bettina Bien Greaves. Among them are Mises’s expositions of the role of government, his discussion of inequality of wealth, inflation, socialism, welfare, and economic education, as well as his exploration of the “deeper” significance of economics as it affects seemingly noneconomic relations between human beings. These papers are valuable reading for students of economic freedom and the science of human action.
Economic Inquiry and Its Logic presents a collection of Buchanan’s most representative works in economic method and analysis. As Robert D. Tollison points out in his foreword, “[Included] in this volume are some of [Buchanan’s] most often cited works on methodology, including papers reflecting his emphasis on the subjective nature of opportunity costs and the implications of this subjectivity for economic analysis.”
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.