1. Introduction -- 2. The Importance of Hayek and Friedman to the Neo-liberal Concept of Freedom -- 3. The Neo-liberal Concept of Freedom -- 4. Spheres of Government -- 5. The Rise of Neo-liberalism and Tyranny of Corporations -- 6. The Rise of Mass Consumption -- 7.The Rise of Neoliberalism and...

The Virginia School's economics of natural equals makes consent critical for policy. Democracy is understood as government by discussion, not majority rule. The claim of efficiency unsupported by consent, as common in orthodox economics, appeals to social hierarchy. Politics becomes an act of...

"1.1 Introduction Taken separately, the contributions of the best-known principals of the early Virginia School of Political Economy - James Buchanan, Gordon Tullock, and Ronald Coase - are monuments of twentieth century economics. Yet despite their longstanding collaborations, significant...