Adam Smith's discussion of the system of natural liberty, its effects on the functioning of the market system, and the resultant implications for the economic role of the state has formed the basis of much of the subsequent economic literature analyzing the interplay of market and state. While...

Paul Anthony Samuelson made wide-ranging contributions to scholarship in the history of economic thought over the course of his long professional career, doing so using a distinctive approach to the subject that was both a source of significant insights into the ideas of the past and the subject...

The ‘Coase theorem’ has long been the idea most commonly associated with Ronald Coase’s analysis in «The Problem of Social Cost». Yet, Coase frequently argued late in his career that he had been misunderstood, and that the central message(s) of the article lay elsewhere. Though virtually...

This stimulating and authoritative book features original essays from leading scholars in the discipline – each of whom address the question: how should economists do economics? What emerges is a diverse, constructive commentary on how economics is done and how it should be done.

Ronald Coase, the 1991 Nobel laureate in Economics, has had a profound impact on the way that economists and others view both the firm and the relationship between the legal and economic systems. This authoritative collection brings together the diverse body of literature that reflects Ronald...

This comprehensive three-volume collection brings together the most important papers from leading economists published in the past 120 years covering a wide range of topics and issues. Along with an original introduction by the editors, this authoritative set will be of immense value to...

Many know the Chicago School of Economics and its association with Milton Friedman, George Stigler, Ronald Coase and Gary Becker. But few know the School's history and the full scope of its scholarship. In this Companion, leading scholars examine its history and key figures, as well as provide...

Many know the Chicago School of Economics and its association with Milton Friedman, George Stigler, Ronald Coase and Gary Becker. But few know the School's history and the full scope of its scholarship. In this Companion, leading scholars examine its history and key figures, as well as provide...

The Economy as Process of Valuation sheds new light on the potential benefits of concept and theory formation along dynamic and evolutionary lines for understanding economic processes. The emphasis is on aspects of the economy as a process of valuation rather than as a mechanistic result of...