James M. Buchanan
James M. Buchanan is a Nobel Prize winning economist widely recognized for his work in the field of public choice theory and constitutional economics.
Italian scholars’ contributions to politics and economics include critical theoretical work on tax analysis, state authority, and public spending.
Richard E. Wagner joins us for a discussion on life and thought of James M. Buchanan, who was one of the founders of public choice theory.
One of the leading economists of the last century, James M. Buchanan was one of the founders of the public choice theory of economics.
Tullock contributed to the start of the public choice school of economics and countered status-quo arguments about the role of government in the market.
John Rawls was a political theorist who revived interest in the field. His work can be interpreted in support of some free-market ideas.
Often, the meaning of cost varies when you ask different people who are part of the same single transaction.
Government interventionist policies are aimed to solve perceived problems of the completely free market but often result in harmful over-regulation.
Constitutionalism binds the government to a pre-decided set of rules and is favored as a form of limiting government expansion.
“Economists have clearly articulated the need for reform of the existing monetary system…[and alternatives have] taken clear and unambiguous shape.”
Literature of Liberty readers, writers, and reviewers engage in a roundtable discussion of spontaneous order.
Hazony’s views about the role of individuals and the nature of ethics mean that nations of any type are permitted to wage unjust war and impose sweeping domestic oppression. This nationalism should not guide our thinking today.
Literature of Liberty’s attempt to produce a full bibliography of works by, about, and relevant to Friedrich Hayek.
Implementing policies like those proposed by Thomas Piketty would undermine the government’s legitimacy, which depends on the limits to its powers.
Tom G. Palmer provides a comprehensive overview of the vast literature on libertarianism, free market economics, and the philosophy of liberty.
“In recalling [classical liberalism] from what had sometimes seemed an irrecoverable oblivion, Hayek’s work is a hopeful augury for an uncertain future.”