Economics

  • Commerce, Culture, and Liberty

    by Henry C. Clark

    This collection of thirty-seven readings (from thirty-three writers) brings together some of the most significant pre–Adam Smith writings on the political and cultural dimensions of capitalism. To modern readers, these seventeenth- and eighteenth-century discussions of commerce and economic life in general are surprising because they are so closely integrated with current moral and cultural issues. Part of the value of…

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  • Competition and Entrepreneurship

    by Israel M. Kirzner

    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 focuses on the role of the pure entrepreneurial element in…

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  • Competition, Economic Planning, and the Knowledge Problem

    by Israel M. Kirzner

    No other economist in recent times has been so closely identified with the Austrian School of economics as Israel M. Kirzner, professor emeritus of economics at New York University. A leader of the generation of Austrian economists after Ludwig von Mises and F. A. Hayek, Kirzner has been recognized as one of the minds behind the revival of entrepreneurship and…

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  • The Concise Encyclopedia of Economics

    by David R. Henderson

    In this easily accessible, user-friendly volume, respected economist David R. Henderson brings together 152 of the most brilliant minds in economics to show how the analysis of economic topics can illuminate many aspects of the average person’s daily life. The more than 160 entries cover numerous topics including basic concepts, discrimination and labor issues, corporations and financial markets, issues in…

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  • Correspondence of Adam Smith

    by Adam Smith

    This volume offers an engaging portrait of Smith through more than four hundred letters; also included are appendixes with Smith’s thoughts on the “Contest with America” and a collection of letters from Jeremy Bentham.

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  • Cost and Choice

    by James M. Buchanan

    While relatively short, Cost and Choice, according to Hartmut Kliemt in the foreword, “holds quite a central place in Buchanan’s work. For the fundamental economic notion of ‘cost’, or ‘opportunity cost’, is intimately related to the individualist and subjectivist perspective that is so essential to the Buchanan enterprise.” To be sure, the Austrian School of economists enunciated similar views of…

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  • Discovery, Capitalism, and Distributive Justice

    by Israel M. Kirzner

    Discovery, Capitalism, and Distributive Justice makes Kirzner’s case for the idea that entrepreneurial profit is both essential for an economy and profoundly just. Asserting that the problem with standard criticism of capitalist income distribution is a failure to see capitalism as a “discovery procedure,” Kirzner argues that production and subsequent profit are neither automatic nor guaranteed. This important contribution to…

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  • Early Economic Thought in Spain, 1177–1740

    by Marjorie Grice-Hutchinson

    In the sixteenth and early seventeenth centuries, clerics gave lectures at the University of Salamanca on such topics as the varying purchasing power of money, the morality of money, and how price is determined. While she was teaching at the London School of Economics, Marjorie Grice-Hutchinson was urged to investigate early records of these lectures. Her study of the manuscript…

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  • Economic Freedom and Interventionism

    by Ludwig von Mises

    Economic Freedom and Interventionism is both a primer of the fundamental thought of Ludwig von Mises and an anthology of the writings of perhaps the best-known exponent of what is now known as the Austrian School of economics. This volume contains forty-seven articles edited by Mises scholar Bettina Bien Greaves. Among them are Mises’s expositions of the role of government,…

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  • The Economic Point of View

    by Israel M. Kirzner

    The inaugural volume in Liberty Fund’s new Collected Works of Israel M. Kirzner series established Kirzner as a careful and meticulous scholar of economics. No other living economist is so closely associated with the Austrian School of economics as Israel M. Kirzner, Professor Emeritus of Economics at New York University. He has been a leader of the generation of Austrian…

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  • Economic Sense and Nonsense

    by Anthony de Jasay

    Economic Sense and Nonsense comprises a collection of sixty essays written by Anthony de Jasay for his monthly column “Reflections from Europe,” on Liberty Fund’s Library of Economics and Liberty website. The articles span the years 2008 to 2012 and focus on economic issues of topical concern in Europe. In this collection Jasay continues his explorations of a number of…

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  • Economic Sophisms and “What Is Seen and What Is Not Seen”

    by Frédéric Bastiat

    This volume, the third in our Collected Works of Frédéric Bastiat, includes two of Bastiat’s best-known works, the collected Economic Sophisms and the pamphlet What Is Seen and What Is Not Seen. We are publishing here for the first time in English the Third Series of Economic Sophisms, which Bastiat had planned but died before he could complete the project.

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