Economics
Our economics collection showcases classic works in the discipline. Many of our titles explore how economic reasoning applies to political science and other social sciences, as well as the relevance of economics as moral philosophy. A consistent theme is the view that economics is the study of human choice and its consequences, both intended and unintended.
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Speeches and Evidence
by David Ricardo
/ Learn MoreSpeeches and Evidence contains the texts of Ricardo’s numerous speeches. It consists of his speeches given in the House of Commons and evidentiary advocacies before Parliamentary committees. The introduction provides insightful context to the circumstances and events that preceded Ricardo’s appointment as a Member of Parliament and describes his subsequent influence and role on various committees.
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The State Is Rolling Back
by Arthur Seldon
/ Learn MoreThe State Is Rolling Back, the second volume of Liberty Fund’s The Collected Works of Arthur Seldon, brings together a comprehensive collection of fifty-four articles reflecting Arthur Seldon’s scholarly development. By the late twentieth century, Arthur Seldon was one of the most powerful exponents of classical liberalism, helping to stimulate its revival, through both his own writings and the publications…
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The State
by Anthony de Jasay
/ Learn MoreThe State is a brilliant analysis of modern political arrangements that views the state as acting in its own interest contrary to the interests of individuals and even of an entire society. As Nobel laureate James Buchanan has observed, Jasay subjects the state to a “solid, foundational analysis, grounded in an understanding of economic theory, informed by political philosophy and…
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Studies on the Abuse and Decline of Reason
by F. A. Hayek
/ Learn MoreF. A. Hayek never published the grand project he conceived in a letter to Fritz Machlup in 1939. As described in the introduction, this work would “incorporate intellectual history, methodology, and an analysis of social problems, all aimed at shedding light on the consequences of socialism.” He told Machlup that “a series of case studies should come first, . .
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A System of Logic, Ratiocinative and Inductive
by John Stuart Mill
/ Learn MoreLiberty 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…
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Theory and History
by Ludwig von Mises
/ Learn MoreTheory and History is primarily a critique of Karl Marx, his materialism, and his prediction of the inevitability of socialism. Marx attributes the creation of tools and machines, as well as the economic structure of society, to undefined “material productive forces.” Mises rejects this materialistic view; he points out that tools and machines are actually created by individuals acting on…
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The Theory of Money and Credit
by Ludwig von Mises
/ Learn MoreThe Theory of Money and Credit integrated monetary theory into the main body of economic analysis for the first time, providing fresh, new insights into the nature of money and its role in the economy and bringing Mises into the front rank of European economists. The Theory of Money and Credit also presented a new monetary theory of the trade…
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The Theory of Moral Sentiments
by Adam Smith
/ Learn MoreThe Theory of Moral Sentiments, Smith’s first and in his own mind most important work, outlines his view of proper conduct and the institutions and sentiments that make men virtuous. Here he develops his doctrine of the impartial spectator, whose hypothetical disinterested judgment we must use to distinguish right from wrong in any given situation. We by nature pursue our…
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A Treatise on Political Economy
by Antoine Louis Claude Destutt de Tracy
/ Learn MoreA Treatise on Political Economy by Antoine Louis Claude Destutt de Tracy (1754–1836) is a foundational text of nineteenth-century, free-market economic thought and remains one of the classics of nineteenth-century French economic liberalism. Destutt de Tracy was one of the founders of the classical liberal republican group known as the Idéologues, which included Jean-Baptiste Say, Marquis de Condorcet, and Pierre…
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The Trend of Economic Thinking
by F. A. Hayek
/ Learn MoreIn The Trend of Economic Thinking Hayek presents many of the figures that influenced the development of his economic thought. The articles range from well-known economists such as Mandeville, Hume, Smith, and Bastiat, to lesser-known figures such as Dupuit and Gossen, showing the breadth of Hayek’s study of the history of economic thought. F. A. Hayek (1899–1992), recipient of the…
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The Ultimate Foundation of Economic Science
by Ludwig von Mises
/ Learn MoreIn this volume, Mises argued that economics is a science because human action is a natural order of life and that it is the actions of humans that determine markets and capital decisions. Since Mises believed these links could be proven scientifically, he concluded that economics, with its basis on that human action, is indeed a science in its own…
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Universal Economics
by Armen A. Alchian and William R. Allen
/ Learn More“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.”…
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