A reprint of Lachmann’s 1956 classic of Austrian capital theory in which he draws upon the work of Carl Menger, Frank Knight and Friedrich Hayek. In this book Lachmann shows how firms invest to position capital goods with one another, thus creating the complex capital structure. He shows how capital formation and adjustment is a continuous transformation which is immensely complex in its combinations and heterogeneous flow, and how it is capable of co-ordinating the ever-changing plans of individual participants.

Benjamin A. Rogge- late Distinguished Professor of Political Economy at Wabash College- was a representative of that most unusual species: economists who speak and write in clear English. He forsakes professional jargon for clarity and logic - and can even be downright funny. The nineteen essays in this volume explore the philosophy of freedom, the nature of economics, the business system, labor markets, money and inflation, the problems of cities, education, and what must be done to ensure the survival of free institutions and capitalism. For a reflection on the enduring relevance of Rogge’s work, see the Liberty Classic Can Capitalism Survive? Ben Rogge on Capitalism’s Future, by Dwight R. Lee.

Published in 1944, during World War II, Omnipotent Government was Mises’s first book written and published after he arrived in the United States. In this volume Mises provides in economic terms an explanation of the international conflicts that caused both world wars. Although written more than half a century ago, Mises’s main theme still stands: government interference in the economy leads to conflicts and wars. According to Mises, the last and best hope for peace is liberalism—the philosophy of liberty, free markets, limited government, and democracy.

A collection of essays written in the early 1830s as part of a campaign in favor of free trade. The second edition of 1840 contains the minutes of a Free Trade Convention held in Philadelphia in 1831 as well as a dedication to Colonel Biddle the editor of Jean-Baptiste Say’s American edition of the Treatise on Political Economy.

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, his discussion of inequality of wealth, inflation, socialism, welfare, and economic education, as well as his exploration of the “deeper” significance of economics as it affects seemingly noneconomic relations between human beings. These papers are essential reading for students of economic freedom and the science of human action.

One of the leading figures of the Enlightenment gives his thoughts on the issue of education.

John Stuart Mill originally wrote the Principles of Political Economy, with some of their Applications to Social Philosophy very quickly, having studied economics under the rigorous tutelage of his father, James, since his youth. It was published in 1848 in London and was republished with changes and updates a total of seven times in Mill’s lifetime. The edition presented here is that prepared by W. J. Ashley in 1909, based on Mill’s 7th edition of 1870. Ashley followed the 7th edition with great care, noting changes in the editions in footnotes and in occasional square brackets within the text. The text provides English translations to several lengthy quotations originally quoted by Mill in French.

In The Representation of Business in English Literature, five scholars of different periods of English literature produce original essays on how business and businesspeople have been portrayed by novelists, starting in the eighteenth century and continuing to the end of the twentieth century. The contributors to Representation help readers understand the partiality of the various writers and, in so doing, explore the issue of what determines public opinion about business.

A volume in the collection Studies in Economic Theory first published by the Institute for Humane Studies. This is a collection of essays written in the LSE opportunity cost tradition by scholars associated with the London School of Economics between 1937 and 1960. The papers are by Lionel Robbins, Hayek, Edwards, Coase, Thirlby, and Wiseman. Another copy of this book can be found in HTML format at our sister website Econlib.

Towards the end of writing his 6 volume history of England Hume surveyed the entire sweep of English constitutional development. We include this aside as a separate essay here. His investigations now permitted him confidently to reject the Whig view that England has enjoyed a single constitution whose original plan was laid by the ancient Saxons. In fact, Hume argued, English history brings to light a succession of diverse constitutional arrangements which led, in ways that were largely unplanned and unanticipated, to “the most perfect and most accurate system of liberty that was ever found compatible with government.” The original can be found here: David Hume, The History of England from the Invasion of Julius Caesar to the Revolution in 1688, Foreword by William B. Todd, 6 vols. (Indianapolis: Liberty Fund 1983). Vol. 2. Chapter: XXIII: EDWARD V AND RICHARD III.