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In the years following its publication, F. A. Hayek’s pioneering work on business cycles was regarded as an important challenge to what later became known as Keynesian macroeconomics. Today, as debates rage on over the monetary origins of the current economic and financial crisis, economists are once again paying heed to Hayek’s thoughts on the repercussions of excessive central bank…

The Calculus of Consent, the second volume of Liberty Fund’s The Selected Works of Gordon Tullock, is a reprint edition of the ground-breaking economic classic written by two of the world’s preeminent economists—Gordon Tullock and Nobel Laureate James M. Buchanan. This book is a unique blend of economics and political science that helped create significant new subfields in each discipline…

Produced throughout the first fifteen years of Hayek’s career, the writings collected in Capital and Interest see Hayek elaborate on and extend his landmark lectures that were published as Prices and Production and work toward the technically sophisticated line of thought seen in his later Pure Theory of Capital. Illuminating the development of Hayek’s detailed contributions to capital and interest theory, the collection also sheds…

First produced in 1713, Cato: A Tragedy inspired generations toward a pursuit of liberty. Liberty Fund’s new edition of Cato: A Tragedy, and Selected Essays brings together Addison’s dramatic masterpiece along with a selection of his essays that develop key themes in the play. Christine Dunn Henderson is a Senior Fellow at Liberty Fund. Mark E. Yellin is a Fellow…

Constitutional political economy is the theme of the papers collected in this volume. This entire area of contemporary economic thought is a legacy of James M. Buchanan. In outlining the importance of this volume to the contemporary study of economics and to the work of James M. Buchanan, Robert D. Tollison states in his foreword, “Buchanan literally founded the field…

Christianity and Classical Culture is considered one of the great works of scholarship published in the last century. The theme of Christianity and Classical Culture is the fundamental change in thought and action that occurred from the reign of Augustus to the time of Augustine. The classical world sought to practice politics and understand the world in purely rational terms,…