“No one has ever done price theory better than Alchian—that is, no one has ever excelled Alchian’s ability to explain the reason, role, and nuances of prices, of competition, and of property rights. And only a precious few—I can count them on my fingers—have a claim for being considered to have done price theory as well as he did it.” —Donald Boudreaux, George Mason University
St. George Tucker’s View of the Constitution, published in 1803, was the first extended, systematic commentary on the United States Constitution after its ratification. Generations learned their Blackstone and their understanding of the Constitution through Tucker.
This is a new edition of Edmund Burke’s first work, originally issued anonymously in 1756 as a letter attributed to “a late noble writer.” In 1757 Burke produced a revised version with a new preface but still did not attach his name to the work.
Vindiciae Gallicae was James Mackintosh’s first major publication, a contribution to the debate begun by Edmund Burke’s Reflections on the Revolution in France. The success of Mackintosh’s defense of the French Revolution propelled him into the heart of London Whig circles. Following the September 1792 massacres Mackintosh, along with other moderate Whigs, revised his opinions and moved closer to Burke’s position. The Liberty Fund edition also includes Mackintosh’s Discourse on the Law of Nature and Nations, Letter to William Pitt, and On the State of France in 1815.
Editor Charles Rowley calls Gordon Tullock “an economist by nature rather than by training.” Tullock attended a one-semester course in economics for law students at the University of Chicago but is otherwise self-taught. Tullock’s background has enabled him to analyze economic problems with an open mind and to deploy his formidable intellect in a truly entrepreneurial manner.
Edward Shils was one of the leading intellectual defenders of freedom in the twentieth century. In these nine essays, he explores the importance of civility and tradition to a free society. The essays’ significance is enormous, for Shils was one of the first and assuredly one of the most courageous writers to examine the nature of civility and civil society and their relation to a free, ordered, liberal democratic society.
The Virtues of Capitalism lays the foundation of his views and theories of capitalism and its alternatives. The first part, Corrigible Capitalism; Incorrigible Socialism, was first published in 1980. It explains why, Seldon believes, “private enterprise is imperfect but redeemable,” but the “state economy promises the earth, and ends in coercion to conceal its incurable failure.”
By 1989, when Michael Oakeshott’s Voice of Liberal Learning was first published by Yale University Press, books that held a negative view of education in the United States had garnered a remarkable amount of attention.
The debates between Daniel Webster of Massachusetts and Robert Hayne of South Carolina gave fateful utterance to the differing understandings of the nature of the American Union that had come to predominate in the North and the South by 1830.
Volume 6 of The Collected Works of Arthur Seldon examines the failure of state-supported welfare programs to benefit the people most in need of help. The eight articles and one book in this volume encompass almost forty years of criticism of the welfare state.
This volume is a collection of sixteen essays on three general topics: the methodology of economics, the applicability of economic reasoning to political science and other social sciences, and the relevance of economics as moral philosophy. Several essays are published here for the first time, including “Professor Alchian on Economic Method,” “Natural and Artifactual Man,” and “Public Choice and Ideology.”