Bastiat belonged to the optimist French tradition of liberal economic thought. Following Jean-Baptiste Say, he argued that the market was immensely creative in the discovery of new opportunities for improving human well-being and creating social harmony. He also recognized the importance of the...

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...