The task of the economist, from an Austrian perspective, is twofold: (1) to render economic phenomena intelligible in terms of purposive human action, and (2) to trace out the unintended consequences, both desirable and undesirable, of human actions. When analyzing political exchange, the...

A successful transition involves balancing a decisive break with the previous regime with the simultaneous minimization of the costs associated with the administration of justice. Where the benefits of pursuing transitional justice outweigh the associated costs, the administration of justice is...

This chapter argues that the ambiguous bifurcation in Frank Knight's understanding of economics would manifest itself through the divergent paths in the earlier writings of his students Milton Friedman and James Buchanan. It argues that despite Friedman's stature in the scientific elite of the...