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First published in 1776, the year in which the American Revolution officially began, Smith’s Wealth of Nations sparked a revolution of its own. In it Smith analyzes the major elements of political economy, from market pricing and the division of labor to monetary, tax, trade, and other government policies that affect economic behavior. Throughout he offers seminal arguments for free…

First published in 1776, the year in which the American Revolution officially began, Smith’s Wealth of Nations sparked a revolution of its own. In it Smith analyzes the major elements of political economy, from market pricing and the division of labor to monetary, tax, trade, and other government policies that affect economic behavior. Throughout he offers seminal arguments for free…

Interventionism provides Mises’s analysis of the problems of government interference in business from the Austrian School perspective. Written in 1940, before the United States was officially involved in World War II, this book offers a rare insight into the war economies of Hitler’s Germany and Mussolini’s Italy. Mises criticizes the pre–World War II democratic governments for favoring socialism and interventionism…

Introducing Market Forces into “Public” Services is the fourth volume in Liberty Fund’s The Collected Works of Arthur Seldon. It brings together six of Seldon’s most pivotal essays that discuss his alternative proposals for paying for “public” services rather than through coercive taxation. Specifically, Seldon focuses on the varied use of vouchers and the choices people have regarding purchasing or…

Henry Neville (1620–1694), writes David Womersley in his Introduction, was “an experienced political actor who united a practitioner’s sense of possibility with literary flair and imagination as he struggled to achieve headway for his republican commitments in the deceptive waters of late Stuart monarchy.” Educated at Oxford, Neville made an extended visit to Italy in 1643–44, where he formed long-standing…

John Randolph of Roanoke is unique in American political history. For most of his public career Randolph was a leader of the opposition—to both Jeffersonians and Federalists. Only twenty-six when first elected to Congress in 1799, he readily became the most forceful figure at the Capitol. He was, writes Russell Kirk, “devoted to state rights, the agricultural interest, economy in…