Political Theory

Liberty in the Works of MPS Nobel Laureates


The purpose of this conference was to study the role that liberty has played in the work of seven Nobel laureates in economics, who were also members of the Mont Pelerin Society: F. A. Hayek, Milton Friedman, George Stigler, James Buchanan, Ronald Coase, Gary Becker, and Vernon Smith.


From Liberty Fund

The Logical Foundations of Constitutional Liberty

by By James M. Buchanan
Foreword by Geoffrey Brennan, Hartmut Kliemt, and Robert D. Tollison

The thirty-one papers presented in this volume offer scholars and general readers alike a comprehensive introduction to the work of one of the greatest economists of the modern era. Many of Buchanan’s most important essays are gathered in this inaugural volume of the twenty-volume series from Liberty Fund of his…

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Additional Readings

Becker, Gary S. and Kevin M. Murphy. "A Theory of Rational Addiction." The Journal of Political Economy 96, no. 4 (August 1988): 675-700.

Buchanan, James M. Federalism, Liberty and the Law. Edited by Hartmut Kliemt. Indianapolis: Liberty Fund, 2001.

Buchanan, James M. “Afraid to be free: Dependency as desideratum.” Public Choice 124 (2005): 19-31.

Coase, Ronald. "The Problem of Social Cost." Journal of Law and Economics 3 (October 1960): 1-44.

Coase, Ronald. Essays on Economics and Economists. Chicago: University of Chicago Press, 1994.

Friedman, Milton. Capitalism and Freedom. Chicago: University of Chicago Press, 1962, 2002.

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

Smith Vernon. Bargaining and Market Behavior: Essays in Experimental Economics. Cambridge: Cambridge University Press, 2000.

Stigler, George Joseph. The Economist as Preacher and Other Essays. Chicago: University of Chicago Press, 1982.