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 continuity of thought and of significant changes in focus. Providing a thorough and balanced account of Hayek's work, the authors examine his wide-ranging contribution to thought in the areas of business cycles, socialism and trade unions and the socialist calculation debate, as well as social justice, spontaneous order, globalization and free trade. The authors provide enlightening comparisons between Hayek's views and those of Ludwig von Mises, Ludwig M. Lachmann, Milton Friedman and John Maynard Keynes. Scholars working in the classical liberal tradition as well as academic economists and political scientists will find this in-depth account to be an invaluable resource. Contributors: R.E. Backhouse, C.W. Baird, P.J. Boettke, E. Colombato, C.J. Coyne, R.M. Ebeling, R.W. Garrison, S.G. Horwitz, P.T. Leeson, P. Lewin, P. Lewis, R. Nef, D. O'Brien, M. Pennington, M. Ricketts, C. Smith, G.R. Steele

This is an examination of the contemporary ethical problems of business in a philosophical context. This book analyzes various types of capitalism, in particular, the Anglo-American type which is practised primarily in the English-speaking world, and is exemplified by the commercial and financial systems of Wall Street and the City of London. This analysis includes an examination of the corporation, the ethics of the stock market, the morality of take-overs and the problem of business and the environment.

This first systematic analysis of the full range of classical liberal thinking covers the utilitarianism of Hume, Smith and their successors, the Austrian and Chicago schools of political economy, 'contractarian' liberalism and the ethical individualism of Ayn Rand and Robert Nozick. Norman Barry also discusses the hitherto barely understood theory of anarcho-capitalism and throughout his analysis draws attention to the differences in fundamental philosophical outlook that underline superficially similar policy positions.

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. Arthur Asher Shenfield was a classical liberal and an astute critic of misguided government intervention in a free economy. He produced sophisticated refutations of both full-blooded socialism and the milder varieties of collectivism and welfarism pioneered in Scandinavia and Western Europe. He was a keen observer of American affairs and included here is a selection of his essays on constitutionalism and law in the United States. These essays trace the decline in legal protection that America has given economic agents and examine the rise of socialist influences in the American judiciary system. Shenfield also offers a robust account of the legal and economic effect of US and European anti-trust law, as well as discussing the adverse effect on economic efficiency caused by trade unions. In these essays, Arthur Asher Shenfield has made the law and economics of a free society accessible to businessmen and policymakers as well as to scholars and students of classical liberal philosophy and law.

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 continuity of thought and of significant changes in focus. Providing a thorough and balanced account of Hayek's work, the authors examine his wide-ranging contribution to thought in the areas of business cycles, socialism and trade unions and the socialist calculation debate, as well as social justice, spontaneous order, globalization and free trade. The authors provide enlightening comparisons between Hayek's views and those of Ludwig von Mises, Ludwig M. Lachmann, Milton Friedman and John Maynard Keynes. Scholars working in the classical liberal tradition as well as academic economists and political scientists will find this in-depth account to be an invaluable resource. Contributors: R.E. Backhouse, C.W. Baird, P.J. Boettke, E. Colombato, C.J. Coyne, R.M. Ebeling, R.W. Garrison, S.G. Horwitz, P.T. Leeson, P. Lewin, P. Lewis, R. Nef, D. O'Brien, M. Pennington, M. Ricketts, C. Smith, G.R. Steele

Communitarianism is currently the subject of much interest and scrutiny by both liberals and conservatives. In Community and Tradition, eight distinguished scholars articulate the clearest statement to date of the conservative vision of community. In contrast to the progressive model of community, which emphasizes secular civil theologies, government, participatory democracy, and utilitarian moralities, the contributors to this volume identify and locate the roots of friendship and common purpose in tradition, intermediate associations, local autonomy, and religious belief. Not only do the contributors renew and refine the conservative understanding of community, but they also express their belief that the liberal version of community needs to be challenged. This volume is essential reading for all political theorists who study the balance between rights and responsibilities within the context of the community.

This book is an examination of the contemporary ethical problems of business in a philosophical context. It analyses various types of capitalism, in particular, the Anglo-American type which is practised primarily in the English-speaking world, and is exemplified by the commercial and financial systems of Wall Street and the City of London. This analysis includes an examination of the corporation, the ethics of the stock market, the morality of take-overs and the problem of business and the environment.

Frederic Bastiat, who was born two hundred years ago, was a leader of the French laissez-faire tradition in the first half of the nineteenth century. He was influenced by Cobden's Anti-Corn Law League and became a convinced free trader. Joseph Schumpeter described Bastiat as 'the most brilliant economic journalist who ever lived'. In The Law, written in 1850, the year of his death, Bastiat recognises the central importance of the law and morality in a free society. He was concerned that government was using the 'law' to become too active a participant in the economy whilst devoting too little attention to protecting life and liberty. This Occasional Paper, which reprints an English translation of The Law, includes a new introduction by Professor Norman Barry of the University of Buckingham which places Bastiat's views in their historical context and explains their continuing relevance today.

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 theory and constitutionalism from a classical liberal perspective. The main elements of this doctrine are defended by Professor Barry against the criticisms of egalitarians, communitarians and the new reconstructed socialists. Despite some intellectual and practical successes the classical liberal doctrine has failed to capture the imagination of the establishment in the social sciences or the support of the electorate at large. Professor Barry shows how classical liberal public choice theory can counteract the apparent decline of the doctrine and enable us to explore the meanings of liberty, social justice and law in the context of contemporary social theory.