Great political and philosophical debates regarding the problematic results of central planning in the 20th century are presented in this collection of essays from classical liberal thinkers such as Adam Smith, John Locke, and modern liberals of various persuasions. After discussing such issues...

This article examines the meaning of consumers' sovereignty in the interwar thought of the economist William Harold Hutt. For Hutt, consumers' sovereignty was an ideal, a norm against which economists could assess different economic systems. It connected the value of individual freedom, the...

1. Liberty, Human Nature, Individualism, and Property Rights -- 2. The Machiavellians -- 3. Hobbes and Locke on Human Nature; Locke on Property Rights -- 4. The Enlightenment -- 5. The Nineteenth Century -- 6. The Austrian School -- 7. The London School -- 8. What Went Wrong and What is to be Done?.