What explains the simultaneous critiques of economic theory and liberalism during the 1930s? Early neoclassical economists had a common understanding of the proper institutional context under-girding a liberal market order. From the marginal revolution emerged a growing emphasis on analyzing...

Analytical anarchism is a subset of political economy that takes neither rules as given nor assumes that monopoly enforcement of such rules exists. This approach is the positive study of endogenous rule formation by individuals within a particular society. Such rules emerge out of the...

In this curriculum vitae, we provide a comprehensive list of the published academic works of economist Israel M. Kirzner. These include solo-authored books, edited volumes, journal articles, book chapters, and book reviews, including reprints and translations

James Buchanan has argued that not only the study of public choice, but also property-rights economics as well as law and economics can be directly traced to the work of scholars associated with the Thomas Jefferson Center for Studies in Political Economy and Social Philosophy (TJC) at the...

We argue in this chapter that the transformation in the vision of economics from one in terms of processes to one in terms of equilibrium would in turn yielded public policy implications regarding the role of government and distributive justice. Although classical political economists had made a...