Political Theory

Entrepreneurship, Prosperity, and Liberty in the Arab World


Participants examined how encouraging private initiatives and entrepreneurship can help address a number of economic and social problems faced by countries in the Middle East and North Africa much more efficiently than government interventionism can.


From Liberty Fund

Socialism and War

by By F. A. Hayek
Edited by Bruce Caldwell

In the essays in this volume Hayek contributed to economic knowledge in the context of socialism and war, while providing an intellectual defense of a free society. The connection between the two topics is illuminated through essays containing some of Hayek’s contributions to the socialist-calculation debate, writings pertaining to war,…

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Competition and Entrepreneurship

by By Israel M. Kirzner
Edited and with an Introduction by Peter J. Boettke and Frédéric Sautet

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…

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Additional Readings

Baumol, William J. "Entrepreneurship: Productive, Unproductive, and Destructive." The Journal of Political Economy 98, no. 5 (October 1990): 893-921.

Bellin, Eva. “Reconsidering the Robustness of Authoritarianism in the Middle East: Lessons from the Arab Spring.” Comparative Politics 44, no. 2 (January 2012): 127-149.

Hardin, Garrett, “Tragedy of the Commons” In The Concise Encyclopedia of Economics, edited by David R. Henderson, 497-499. Indianapolis: Liberty Fund, Inc., 2008.

Hayek, F. A. The Constitution of Liberty. Chicago: University of Chicago Press, 1978.

Hayek, Friedrich A. Law, Legislation, and Liberty, Volume 2: The Mirage of Social Justice. Chicago: University of Chicago Press, 1978.

Kuran, Timur. The Long Divergence: How Islamic Law Held Back the Middle East. Princeton: Princeton University Press, 2011.

Merrill, Thomas W. Property: Principles and Policies. Edited by Henry Smith. New York City: Foundation Press, 2007.

Olson, Mancur. The Logic of Collective Action: Public Goods and the Theory of Groups. Cambridge: Harvard University Press, 1965, 1971.

Ostrom, Elinor. Governing the Commons: The Evolution of Institutions for Collective Action. Cambridge: Cambridge University Press, 1990.

Schiffbauer, Marc, Abdoulaye Sy, Sahar Hussain, Hania Sahnoun, and Philip Keefer. “Jobs or Privileges: Unleashing the Employment Potential of the Middle East and North Africa.” The World Bank: Open Knowledge Repository. https://openknowledge.worldbank.org/handle/10986/20591 (December 2016).

Schumpeter, Joseph A. Capitalism, Socialism and Democracy [3rd edition]. New York City: Harper Perennial Modern Thought, 2008.

Shenker, Jack. “The future of the Egyptian revolution.” The Guardian. https://www.theguardian.com/books/2016/jan/16/future-egypt-revolution-tahrir-square-jack-shenker (December 2016).

Sobel, Russell S., “Entrepreneurship” In Concise Encyclopedia of Economics, edited by David R. Henderson, 154-157. Indianapolis: Liberty Fund, 2008.

Tripp, Charles. Islam and the Moral Economy: The Challenge of Capitalism. Cambridge: Cambridge University Press, 2006.