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Introductory Lectures on Political Economy

Whately followed Nassau Senior as Professor of Political Economy at the University of Oxford. He brought logical clarity to the previously murky relationship between morals and the underpinnings of economics. These are a serious of lectures he gave on economics at Oxford in 1831.

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Capital, Expectations, and the Market Process

This volume consists of 17 of Ludwig Lachmann’s most important papers published during the period 1940-73. Two of the articles appear here in translation for the first time. Prepared especially for this volume is a new essay about the present “crisis” in economic thought. Walter Grinder’s extended introduction analyzes Lachmann’s scholarly career in four countries and his overall intellectual development.

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A Defence for Fugitive Slaves (1850)

Since, in Spooner’s view, slavery was both unjust and unconstitutional, men and women held in slavery had the right to flee, and other people had the right and the duty to help the runaway slaves escape to freedom. This meant violating the Fugitive Slave Acts and breaking the law, but these acts would be in the freedom-loving spirit of the Constitution.

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Capital and its Structure

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.

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Can Capitalism Survive?

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.

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