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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  • 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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  • Essays on Economics and Society

    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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  • Essays on Ethics, Religion and Society

    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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  • Essays on Philosophical Subjects

    by Adam Smith

    Reflecting Adam Smith’s wide learning and varied interests, these essays shed considerable light on his place in the Scottish Enlightenment. Included are histories of astronomy, ancient logic, and ancient physics; essays on the “imitative” arts and the affinity between music, dancing, and poetry; and a critical review of Samuel Johnson’s famous Dictionary, which Smith originally published in the Edinburgh Review

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  • The Essence of Entrepreneurship and the Nature and Significance of Market Process

    by Israel M. Kirzner

    The Essence of Entrepreneurship and the Nature and Significance of Market Process is a continuation of the discourse started in Kirzner’s earlier work, Competition and Entrepreneurship, expanding upon his ideas about entrepreneurship and entrepreneurial alertness. Essence presents most of the detailed research Kirzner has done on the nature of entrepreneurship and the entrepreneurial process in the decades following the publication…

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  • Everyman’s Dictionary of Economics

    by Arthur Seldon

    Everyman’s Dictionary of Economics, the third volume of The Collected Works of Arthur Seldon, translates the often obscure jargon and technical terminology of economics into direct, plain English understandable by both the academic and the layperson. The most abstruse topic becomes clear as he conveys the sense in ordinary language, without loss of meaning through oversimplification. Everyman’s Dictionary of Economics

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  • Externalities and Public Expenditure Theory

    by James M. Buchanan

    In his foreword, Geoffrey Brennan states, “The papers in this volume represent a coherent set of pieces focused on aspects of public-expenditure theory and constitute all of Buchanan’s papers in this area.” Buchanan’s work on the subject of what governments should do and his insistence on Knut Wicksell’s ideal that taxation and public expenditure be integrated topics have contributed significantly…

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  • The Fable of the Bees

    by Bernard Mandeville

    It used to be that everyone read the “notorious” Bernard Mandeville (1670–1733). He was a great satirist and came to have a profound impact on economics, ethics, and social philosophy. The Fable of the Bees begins with a poem and continues with a number of essays and dialogues. It is all tied together by the startling and original idea that…

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  • Federalism, Liberty, and the Law

    by James M. Buchanan

    As diverse as the papers presented in this volume may seem at first glance, all of them touch on two characteristic themes of James Buchanan’s work: the respect for individual sovereignty and the threat of monopoly power on the rights of the individual. In his foreword, Hartmut Kliemt says, “As opposed to more extreme and more utopian libertarians, [Buchanan] well…

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  • The Fluttering Veil

    by Leland B. Yeager

    Money’s unique and essential role in a free market and monetary disequilibrium as the root cause of the business cycle are principles central to the work of economist Leland Yeager. For three decades he has extolled the preeminent importance of money as a source of economic fluctuations whose influence goes well beyond mere changes in interest rates or the price…

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  • The Fortunes of Liberalism

    by F. A. Hayek

    In this collection of essays, some of which appear here in English for the first time, F. A. Hayek traces his intellectual roots to the Austrian School. The Fortunes of Liberalism: Essays on Austrian Economics and the Ideal of Freedom also links the Austrian School to the modern rebirth of classical liberal thought. F. A. Hayek (1899–1992), recipient of the…

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