Economics is a matter of choice and growth, of interaction and exchange among individuals. Because property rights define the rules of these interactions and the objects of exchange, it is vital to fully understand the institutions and implications of the various property-rights regimes. With...

The Elgar Companion to Hayekian Economics provides an in-depth treatment of Friedrich August von Hayek’s economic thought from his technical economics of the 1920s and 1930s to his broader views on the spontaneous order of a free society. Taken together, the chapters show evidence both of...

"Marjorie Grice-Hutchinson, who recently died, was a leading scholar of the Salamanca school of economics. That school anticipated much of the economic thinking which helped underpin the case for liberal markets in the eighteenth and nineteenth centuries." Copyright (c) Institute of Economic...

"The purpose of a constitution should be to restrain governments. The proposed EU constitution does not do that - it provides agendas for government action. There is also no mechanism to facilitate jurisdictional competition. As such, if adopted, it will lead to further centralisation and abuse...

This volume offers a selection of the works of one of the most persuasive and sophisticated theorists of the free economy and the free society, Arthur Asher Shenfield.

Classical Liberalism in the Age of Post–Communism reconstructs the theory of classical liberalism as a unified doctrine that encompasses political economy, jurisprudence and social philosophy. Norman Barry’s essay provides explanations of the market economy, entrepreneurship, property rights...