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The Economic Consequences of the Peace

As part of the British delegation to the Versailles Peace Conference after WW1 Keynes had detailed knowledge of the debates about reparations which were demanded of Germany. He believed the demands on defeated Germany were too harsh and he resigned his government position and wrote this book explaining his reasons.

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Human Action: A Treatise on Economics (FEE ed.)

The first comprehensive treatise on economics written by a leading member of the modern Austrian school of economics. As the editor to the 4th revised edition Bettina Bien Greaves explains “Mises’ contribution was very simple, yet at the same time extremely profound. He pointed out that the whole economy is the result of what individuals do. Individuals act, choose, cooperate, compete, and trade with one another. In this way Mises explained how complex market phenomena develop. Mises did not simply describe economic phenomena - prices, wages, interest rates, money, monopoly and even the trade cycle - he explained them as the outcomes of countless conscious, purposive actions, choices, and preferences of individuals, each of whom was trying as best as he or she could under the circumstances to attain various wants and ends and to avoid undesired consequences. Hence the title Mises chose for his economic treatise, Human Action.”

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Liberty, Order, and Justice

Unlike most textbooks in American Government, Liberty, Order, and Justice seeks to familiarize the student with the basic principles of the Constitution, and to explain their origin, meaning, and purpose. Particular emphasis is placed on federalism and the separation of powers. These features of the book, together with its extensive and unique historical illustrations, make this new edition of Liberty, Order, and Justice especially suitable for introductory classes in American Government and for high school students in advanced placement courses.

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The A B C of Finance

A popularization of economic ideas which Newcomb wrote for Harpers Magazine. Another copy of this book can be found in HTML format at our sister website Econlib.

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Constitutionalism and the Separation of Powers

Arguably no political principle has been more central than the separation of powers to the evolution of constitutional governance in Western democracies. In the definitive work on the subject, M. J. C. Vile traces the history of the doctrine from its rise during the English Civil War, through its development in the eighteenth century - when it was indispensable to the founders of the American republic - through subsequent political thought and constitution-making in Britain, France, and the United States. The author concludes with an examination of criticisms of the doctrine by both behavioralists and centralizers - and with “A Model of a Theory of Constitutionalism.” The new Liberty Fund second edition includes the entirety of the original 1967 text published by Oxford, a major epilogue entitled “The Separation of Powers and the Administrative State,” and a bibliography.

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Risk, Uncertainty, and Profit

This careful work investigating the nature of profits also includes material on the institutional structure of firms and the distribution of residuals, particularly in Part III, Chapter IX-X. It contains an interesting discussion of the difference between risk and uncertainty.

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Don Carlos: Opera in Four Acts

Based on a play by Friedrich Schiller. Don Carlos, the Crown Prince of Spain, is in conflict with his father, Philip II and King of Spain over his love for Elizabeth, the daughter of Henry II, King of France. Don Carlos is arrested by his father for expressing sympathy for the oppressed people of Flanders who are under Spanish rule. A popular uprising forces Philip to release his son from prison but the opera ends with Don Carlos being handed over to the Inquisition.

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