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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  • Economic Inquiry and Its Logic

    by James M. Buchanan

    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…

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  • The Economic Point of View

    by Israel M. Kirzner

    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…

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  • Economic Policy

    by Ludwig von Mises

    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…

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  • Economic Sense and Nonsense

    by Anthony de Jasay

    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. In this collection Jasay continues his explorations of a number of…

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  • Economic Sophisms and “What Is Seen and What Is Not Seen”

    by Frédéric Bastiat

    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.

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  • The Economics and Politics of Wealth Redistribution

    by Gordon Tullock

    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…

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  • Economics and the Public Welfare

    by Benjamin M. Anderson

    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. No period in history could serve better as a case study for…

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  • The Economics of Politics

    by Gordon Tullock

    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:

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  • Economics without Frontiers

    by Gordon Tullock

    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…

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  • Epistemological Problems of Economics

    by Ludwig von Mises

    First published in German in 1933 and in English in 1960, Epistemological Problems of Economics presents Ludwig von Mises’s views on the logical and epistemological features of social interpretation as well as his argument that the Austrian theory of value is the core element of a general theory of human behavior that transcends traditional limitations of economic science. This volume…

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  • Essay on the Nature of Trade in General

    by Richard Cantillon

    The Liberty Fund edition is a modernized translation of Richard Cantillon’s Essai sur la nature du commerce en général (1755) with a new introduction by Antoin E. Murphy. In the Essay, Cantillon outlined an extraordinary model-building approach showing how the economy could be built up, through progressive stages, from a command, barter, closed economy to a market economy, which uses…

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  • Essays on Capital and Interest

    by Israel M. Kirzner

    Essays on Capital and Interest presents a collection of writings on capital theory that serve both as a discourse in the history of economic thought and as conceptual clarification in one of the most complex subjects in economics. Israel M. Kirzner is a leading economist in the Austrian School and Professor Emeritus of Economics at New York University. Peter J.

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