Political Capitalism and Liberty


This conference explored the theory and practice of business-in-government and government-in-business by addressing questions including: What in the nature of business gives rise to the demand for the political means to profitability? Why does government fulfill this demand? Can a better knowledge of the theory and practice of political capitalism be used to promote liberty?


Conference Readings

Bradley, Robert L. Jr. Capitalism at Work: Business, Government, and Energy. Salem: M & M Scrivener Press, 2009.

Buchanan, James M. Politics as Public Choice: The Collected Works of James M. Buchanan, Volume 13. Indianapolis: Liberty Fund, Inc., 2000.

Buchanan, James M. The Logical Foundations of Constitutional Liberty: The Collected Works of James M. Buchanan, Volume 1. Indianapolis: Liberty Fund, Inc., 1999.

Friedman, Milton. “The Social Responsibility of Business is to Increase its Profits.” The New York Times Magazine (September 13, 1970): 1-6.

Higgs, Robert. Crisis and Leviathan: Critical Episodes in the Growth of American Government. New York: Oxford University Press, 1987.

Ikeda, Sanford. “The Dynamics of Interventionism.” Advances in Austrian Economics 8 (2005): 21-57.

Kirzner, Israel. Discovery and the Capitalist Process. Chicago: University of Chicago Press, 1985.

Koch, Charles G. The Science of Success: How Market-Based Management Built the World's Largest Private Company. Indianapolis: Wiley, 2007.

Kolko, Gabriel. The Triumph of Conservatism: A Reinterpretation of American History, 1900-1916. New York: The Free Press, 1977.

Lee, Dwight R. “Public Choice: The Rest of the Story.” The Freeman 38, no. 1 (January 1988): 1-3.

Machan, Tibor R. “Public Choice Theory: Not the Whole Story.” The Freeman 37, no. 9 (September 1987): 1-6.

Oppenheimer, Frank. The State. San Francisco: Fox & Wilkes, 1997.

Rand, Ayn. Capitalism: The Unknown Ideal. New York: Signet, 2005.

Rothbard, Murray N. Egalitarianism as a Revolt Against Nature and Other Essays. Auburn: Ludwig von Mises Institute, 2000.

Schumpeter, Joseph. Capitalism, Socialism, and Democracy. New York: Harper & Row Publishers, 1975, 1976.

Smith, Adam and Bruce Yandle. “Bootleggers and Baptists: Make Sense of America’s Regulatory Journey.” Cato Institute (November 2012): 1-37.

Smith, George Otis. “Regulation-More and Better.” Public Utilities Fortnightly (June 7, 1934): 705-712.

Weaver, Paul H. The Suicidal Corporation: How Big Business Fails America. New York: Touchstone, 1988.

Yandle, Bruce. “Bootleggers and Baptists - The Education of a Regulatory Economist.” Regulation, AEI Journal on Government and Society (May/June 1983): 12-16.