After Ludwig von Mises’s death in 1973, his wife, Margit von Mises, went through his unpublished and out-of-print essays and selected twenty-one of the essays for publication. The result was Money, Method, and the Market Process, published in 1990 by Kluwer Academic Publishers and the Ludwig von Mises Institute and reissued now by Liberty Fund.
With The Moral Foundation of Democracy, John H. Hallowell makes a significant argument in favor of the importance of moral values in the orderly functioning of modern democracies. Hallowell argues that developments in recent democratic thought have eroded the very “faith” upon which democracy rests, namely, that man is a reasonable, moral, and spiritual actor. He sharply criticizes positivist thought and moral relativism as direct challenges to the notion that transcendent truths guide individuals in their actions and influence how people participate in a democratic society.
This volume presents a representative sampling of James M. Buchanan’s philosophical views as he deals with fundamental problems of moral science and moral order. As one might expect, Buchanan always goes back to fundamental principles first. From there, his observations and conclusions range far and wide from his own discipline.
In celebration of the one hundredth anniversary of Friedrich von Hayek’s birth, Liberty Fund and the Committee on Social Thought at the University of Chicago present The Legacy of Friedrich von Hayek, a DVD series of seven lectures from outstanding scholars of Hayek’s work. The host and moderator for the lectures is the Chairman of the Committee on Social Thought, Professor Robert Pippin.
Although the market economy is not as unpopular now as when Acton wrote The Morals of Markets, the morality of buying and selling has long bothered man’s conscience. Defenses of capitalism often establish its efficiency or rely on a “that is the way human nature is anyway” argument. This book asserts that a free market is a necessary condition for the pursuit of moral excellence. Its analysis of the relation between capitalism and moral virtue has not been superseded.
My Thoughts provides a unique window into the mind of one of the undisputed pioneers of modern thought, the author of the 1748 classic, The Spirit of the Laws. From the publication in 1721 of his first masterpiece, Persian Letters, until his death in 1755, Montesquieu maintained notebooks in which he wrote and dictated ideas on a wide variety of topics. Some of the contents are early drafts of passages that Montesquieu eventually placed in his published works; others are outlines or early versions of projected works that were ultimately lost, unfinished, or abandoned. These notebooks provide important insights into his views on a broad range of topics, including morality, religion, history, law, economics, finance, science, art, and constitutional liberty.
Essential to Mises’s concept of a classical liberal economy is the absence of interference by the state. In World War I, Germany and its allies were overpowered by the Allied Powers in population, economic production, and military might, and its defeat was inevitable.
Originally published in German in 1936, The Natural Law is the first work to clarify the differences between traditional natural law as represented in the writings of Cicero, Aquinas, and Hooker and the revolutionary doctrines of natural rights espoused by Hobbes, Locke, and Rousseau.
Gershom Carmichael (1672–1729) was the first professor of moral philosophy at the University of Glasgow, preceding Hutcheson, Smith, and Reid. His philosophy focused on the natural rights of individuals—the natural right to defend oneself, to own the property on which one has labored, and to services contracted for with others. Although he appealed to the authority of Grotius and Locke, the grounds on which he defended natural rights were distinctively his own. Natural Rights is the first modern edition and translation of his published works.
Initially sponsored by the University of Chicago Chapter of the Intercollegiate Society of Individualists, the New Individualist Review was more than the usual “campus magazine.” It declared itself “founded in a commitment to human liberty.” Between 1961 and 1968, seventeen issues were published which attracted a national audience of readers. Its contributors spanned the libertarian-conservative spectrum, from F. A. Hayek and Ludwig von Mises to Richard M. Weaver and William F. Buckley, Jr.
Published for the first time together in one volume is Ludwig von Mises’s Notes and Recollections with The Historical Setting of the Austrian School of Economics.
David Ricardo and T. R. Malthus shared an endearing friendship despite a contentious divergence of opinion on many political economic issues. This volume contains the formal remnants of their differences. Ricardo analyzes, issue-by-issue, his points of divergence to Malthus’s Principles of Political Economy. Malthus’s contributions to political economics generally concern his bleak forecast that a geometrically growing population would surpass the arithmetically growing capacity of essential natural resources.