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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  • The Calculus of Consent

    by James M. Buchanan and Gordon Tullock

    The Calculus of Consent, the second volume of Liberty Fund’s The Selected Works of Gordon Tullock, is a reprint edition of the ground-breaking economic classic written by two of the world’s preeminent economists—Gordon Tullock and Nobel Laureate James M. Buchanan. This book is a unique blend of economics and political science that helped create significant new subfields in each discipline…

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  • The Calculus of Consent

    by James M. Buchanan and Gordon Tullock

    The Calculus of Consent was co-authored by Buchanan with Gordon Tullock, with whom Buchanan collaborated on many books and academic enterprises throughout their careers. As Robert D. Tollison states in the foreword, “[this book] is a radical departure from the way democracies conduct their business. The Calculus is already a book for the ages.” This classic work analyzes the political…

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  • Can Capitalism Survive?

    by Benjamin A. Rogge

    Benjamin A. Rogge—late Distinguished Professor of Political Economy at Wabash College—was a representative of that most unusual species: economists who speak and write in clear English. He forsakes professional jargon for clarity and logic—and can even be downright funny. The nineteen essays in this volume explore the philosophy of freedom, the nature of economics, the business system, labor markets, money…

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  • Choice, Contract, and Constitutions

    by James M. Buchanan

    Constitutional political economy is the theme of the papers collected in this volume. This entire area of contemporary economic thought is a legacy of James M. Buchanan. In outlining the importance of this volume to the contemporary study of economics and to the work of James M. Buchanan, Robert D. Tollison states in his foreword, “Buchanan literally founded the field…

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  • The Collected Works of Armen A. Alchian

    by Armen A. Alchian

    Liberty Fund is proud to present, in two volumes, The Collected Works of Armen A. Alchian, bringing together Alchian’s most influential essays, articles, editorials, and lectures to provide a comprehensive record of his thinking on a broad range of topics in economics. Armen Alchian has helped found several schools of economic thought and is the founder of the UCLA tradition…

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  • The Collected Works of Arthur Seldon

    by Arthur Seldon

    The Collected Works of Arthur Seldon spans 65 years of Seldon’s influential thought and includes all his pivotal works that helped to shape current economic thought. His arguments are as compelling and relevant today as they were over a half century ago. Each volume of this series has a contextual introduction and, except for Volume 3, an individual index. Volume…

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  • The Collected Works of Henry G. Manne

    by Henry G. Manne

    As the founder of the Center for Law and Economics at George Mason University and dean emeritus of the George Mason School of Law, Henry G. Manne is one of the founding scholars of law and economics as a discipline. This three-volume collection includes articles, reviews, and books from more than four decades, featuring Wall Street in Transition, which redefined…

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  • The Collected Works of James M. Buchanan

    by James M. Buchanan

    This monumental twenty-volume series presents the writings of James M. Buchanan, one of the great twentieth-century scholars of liberty. Buchanan, the Nobel laureate in Economics in 1986, has much wisdom to offer—not just to academics and economists—but to all who seek to understand the challenges and opportunities of governance in our age. The Collected Works of James M. Buchanan includes…

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  • Collected Works of John Stuart Mill

    by John Stuart Mill

    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…

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  • Commerce and Government Considered in Their Mutual Relationship

    by Étienne Bonnot, Abbé de Condillac

    French philosopher Abbé de Condillac produced perhaps the most original contributions to eighteenth-century economics. His conclusions as to the desirability of removing barriers to free trade and of competitive market economies mirrored Smith’s, published three months later. Commerce and Government has been called “one of the most sustained defenses of economic liberty in the eighteenth century.” In Condillac’s own words,…

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  • Commerce, Culture, and Liberty

    by Henry C. Clark

    This collection of thirty-seven readings (from thirty-three writers) brings together some of the most significant pre–Adam Smith writings on the political and cultural dimensions of capitalism. To modern readers, these seventeenth- and eighteenth-century discussions of commerce and economic life in general are surprising because they are so closely integrated with current moral and cultural issues. Part of the value of…

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  • Competition and Entrepreneurship

    by Israel M. Kirzner

    Competition and Entrepreneurship defines Israel M. Kirzner’s unique contribution to the economics profession. Pointing out the shortcomings of the traditional microeconomic model, Kirzner offers an alternative and complementary view, which illuminates and enriches the way economists think of the market process. Kirzner develops a theory of the market process that focuses on the role of the pure entrepreneurial element in…

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