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In the turbulent years between passage of the Federal Reserve Act (1913) and the Bretton Woods Agreement (1945), the peoples of the Western world suffered two world wars, two major and several minor international financial panics, an epidemic of currency devaluations and debt repudiations, civil wars, and revolutions. No period in history could serve better as a case study for…

The Economics of Politics is the fourth volume in Liberty Fund’s The Selected Works of Gordon Tullock. This volume includes some of Gordon Tullock’s most noteworthy contributions to the theory and application of public choice, which is a relatively new science that links economics and political action. This volume combines the best parts of two of his books, Private Wants:…

Education and the State first appeared in 1965 and was immediately hailed as one of the century’s most important works on education. In the thirty years that followed, the questions this book raised concerning state-run education have grown immeasurably in urgency and intensity. Education and the State re-examines the role of government in education and challenges the fundamental statist assumption…

George Turnbull belongs with a group of early Scottish Enlightenment thinkers, including Francis Hutcheson, who found their native Calvinism too repressive. They sought to relocate religion within a context of reason and science and to establish a tolerant and humane ethic upon values rooted in classical ideals. In a distinctive voice, Turnbull presented natural-law theory “scientifically,” harnessed the arts to…

An Elegant and Learned Discourse of the Light of Nature is a concerted effort at intellectual mediation in the deep religious dispute of the English civil war in the seventeenth century. On one side was the antinomian assertion of extreme Calvinists that the elect were redeemed by God’s free grace and thereby free from ordinary moral obligations. Opposite to that…

Elements of Criticism is Kames’s most influential work. When it first appeared, in 1762, it was the most comprehensive philosophical work on “criticism” in English, and it was published in five editions during Kames’s lifetime and another forty editions over the next century. In America, Elements of Criticism served as a standard text for college students of English. Liberty Fund’s…