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Nobel laureate in economics James Buchanan has been called--and indeed, calls himself--an outsider in American economics. Original and even unorthodox in his pioneering contributions to public choice theory and variously revered or berated for his influence on the economic policies that took hold in the Reagan years, he has stimulated a productive vein of economic inquiry and an important strain of public policy. First published in 1992 under the title Better Than Plowing And Other Personal Essays, this collection of autobiographic writings was hailed as engaging, honest, and fascinating. The four new chapters of the present volume fill some gaps in his earlier reflections and add valuable assessments of the roots of his academic work. Economics from the Outside In provides a fascinating look at the humble origins and academic development of a recipient of the Nobel Prize, the intellectual underpinnings of a key American economic policy, and the role of the academician in today's society.
This biography tells the story of one of the most important public figures of the twentieth century, Friedrich Hayek. Here is the first full biography of Friedrich Hayek, the Austrian economist who became, over the course of a remarkable career, the great philosopher of liberty in our time. In this richly detailed portrait, Alan Ebenstein chronicles the life, works, and legacy of a visionary thinker, from Hayek's early years as the scholarly son of a physician in fin-de-siecle Vienna on an increasingly wider world as an economist and political philosopher in London, New York, and Chicago. Ebenstein gives a balanced, integrated account of Hayek's extraordinary diverse body of work, from his f...
Professor and amateur sleuth Henry Spearman uses economics to try to solve a murder while on a Caribbean vacation Cinnamon Bay seems like the ideal Caribbean getaway. But for Harvard economist and amateur detective Henry Spearman it offers an unexpected and decidedly different diversion: murder. With the police at a loss, Spearman investigates on his own, following a rather different set of laws—those of economics. Theorizing and hypothesizing, Spearman sets himself on the killer’s trail as it winds from the perfect beaches and manicured lawns of a resort to the bustling old port of Charlotte Amalie to the perilous hiking trails of a dense forest. Can Spearman crack the case using economics—and before it’s too late?
When well-designed institutions function properly, people thrive. Few institutions have been more ingeniously designed than the U.S. federal government via the Constitution in 1787. This auspicious beginning more than two centuries ago helps explain why the U.S. remains a magnet for opportunity seekers, students, entrepreneurs, dissidents, and persecuted believers. Yet for decades now, America’s federal government has been underperforming. Social Security and Medicare face looming insolvency. The federal government’s “war on poverty” has failed to “end poverty” and arguably made it worse. In 2012, the United States Postal Service lost more money than the nation spent on the State...
This volume contains the papers, along with the discussant's re marks, presented at a conference on 'Federal Fiscal Responsibility', held at The Homestead, Hot Springs, Virginia, on 26-27 March 1976. Additionally, we, the editors, have included an introductory essay which sets forth some of our background thoughts that in formed our organization of the conference and which also de scribes some of our reactions to the conference. This conference was sponsored by the Liberty Fund, Inc. of Indianapolis, Indiana, which incorporated this conference into its overall program directed toward the study of the ideals of a free society of responsible individuals. Related to this effort, the Liberty Fun...
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First Published in 2011. This is Volume VII out a series of eight on Environmental and Resource Economics and looks at Environmental Economics and in particular the problems connected with environmental quality.
A thought-provoking tour of the economist's mind using non-technical language and relevant political examples throughout.
“Eureka! Skousen has done the impossible. Students love it! I will never use another textbook again.”—Harry Veryser, University of Detroit-Mercy They said it couldn’t be done. Austrian economics is so different, they said, that it couldn’t be integrated into standard “neo-classical” textbooks. Consequently, college students learn nothing about the great Austrian economists (Mises, Hayek, Schumpeter). Professor Mark Skousen’s Economic Logic aims to change that. Based on his popular course taught at Columbia University, Skousen starts his “micro” section with Carl Menger’s “theory of the good” and the profit-and-loss income statement to explain the dynamics of the mar...