The Online Library of Liberty

A project of Liberty Fund, Inc.

• Associate Editors
• Editorial
• Bibliographical Essay: Eric Foner, Radical Individualism In America: Revolution to Civil War
• I: Methodology
• Scientific Paradigms and History
• Kuhn's Paradigm
• Paradigm Choice, Art, and Reason
• Do Concepts Mold Percepts?
• Paradigms Vs. Research Programmes
• Kuhn and Historical Truth
• Paradigms and Determinism
• A Historian Between Paradigms
• Survival of the Fittest Paradigms?
• Fumbling Toward Truth
• Necessary Truths and Reality
• Economic Laws
• “pure” Vs. “grubby” Knowledge
• Paradigms and Social Change
• II: Consensus, Obedience, and Dissent
• State and Society
• Consensus and Authority
• Civil Disobedience
• Dissent and Virtue
• Underdevelopment Vs. Consensus
• Democracy Vs. Elitism
• Majority Tyranny
• Majority Frustration
• Consensus Vs. Politics
• Consensus and Rights
• Consensus Vs. Majority Rule
• III: Consent and Coercion
• The Right Against Coercion
• Private Property and Coercion
• Consent, Coercion, and Property
• Threats Vs. Offers
• A Clockwork Orange, Freedom, and Coercion
• Weak Will Vs. Compulsion
• Freedom and Using Others
• Equality and Social Coercion
• Human Action Vs. Behavior
• IV: Regulation
• The Regulating Class
• Regulation and Revolution
• Land Expropriation
• State Planning
• Hoover As Regulator
• State Science Research
• The Costs of Research
• Anti-trust
• Sec Regulation
• Sunset Laws
• V: Social Control
• Power and Servility
• State Vs. Education
• Public Vs. Private Education
• Public Schools Vs. Privacy
• Truant Officers As Scapegoats
• Were Professionals Technocrats?
• The Courts and Social Control
• The Army and Social Control
• Land Use and Control
• VI: The Liberal Tradition
• The History of Liberalism
• Freedom and Progress
• Reason and Progress
• Individualism, Property, and Revolt
• Liberal Class Analysis
• Nature and Liberty
• Free Trade and Development
• Liberalism In Transition
• “positive” Liberalism
• Utilitarian Illiberalism
• Spencer and Laissez-faire
• Mill: Liberal Or Socialist?
• Research Fields
• Economics
• Education
• History
• Law
• Philosophy
• Philosophy of Science
• Political Philosophy
• Political Science
• Sociology
• Statement of Ownership, Management, and Circulation (act of August 12, 1970: Section 3685, Title 39, United States Code)

Sociology

• Frielander, Elaine A. “Mozambican Nationalist Resistance: 1920–1949.” .............63
• Furedi, Frank. “The Social Composition of the Mau Mau Movement in the White Highlands.” .............................62

• Hobson, Wayne K. “Professionals, Progressives and Bureaucratization: A Reassessment.” .............................74

• Trevor-Roper, H.R. “Gibbon and The Decline and Fall of the Roman Empire.” ...........80
• Tyack, David & Berkowitz, Michael. “The Man Nobody Liked: Toward A Social History of the Truant Officer, 1840–1940.” .............................73

STATEMENT OF OWNERSHIP, MANAGEMENT, AND CIRCULATION
(Act of August 12, 1970: Section 3685, Title 39, United States Code)

1. Title of Publication: Literature of Liberty, a Review of Contemporary Liberal Thought.

2. Date of Filing: September 11,1978.3. Frequency of Issue: Quarterly. A. Number of Issues Published Annually: 4. B. Annual Subscription Cost: $16. 4. Location of Known Office of Publication: 1700 Montgomery Street, San Francisco, CA 94111. 5. Location of the Headquarters or General Business Offices of the Publishers: 1700 Montgomery Street, San Francisco, CA 94111. 6. A. Publisher: The Cato Institute, 1700 Montgomery Street, San Francisco, CA 94111. B. Editor: Leonard P. Liggio. C. Managing Editor: John V.Cody. 7. Owner: The Cato Institute, 1700 Montgomery Street, San Francisco, CA 94111. 8. Known Bondholders, Mortgagees, and Other Security Holders Owning or Holding 1 Percent or More of Total Amount of Bonds, Mortgages, or Other Securities: None. 9. The purpose, function, and nonprofit status of this organization and the exempt status for Federal income tax purposes have not changed during the preceding 12 months. 10. Extent and Nature of Circulation: A. Total Number of Copies Printed: Average Number of Copies Each Issue During the Preceding 12 Months: 3,000; Actual Number of Copies of Single Issue Published Nearest to Filing Date: 3,000. B. Paid Circulation: 1. Sales Through Dealers and Carriers, Street Vendors and Counter Sales: Average Number of Copies Each Issue During Preceding 12 Months: 20; Actual Number of Copies of Single Issue Published Nearest to Filing Date: 20. 2. Mail Subscriptions: Average Number of Copies During Preceding 12 Months: 1,027; Actual Number of Copies of Single Issue Published Nearest to Filing Date: 1,139. C. Total Paid Circulation: Average Number of Copies Each Issue During Preceding 12 Months: 1,047; Actual number of copies of Single Issue Published Nearest to Filing Date: 1,159. C. Free Distribution by Mail, Carrier, or Other Means: Average Number of Copies Each Issue During Preceding 12 Months: 133; Actual Number of Copies of Single Issue Published Closest to Filing Date: 120. E. Total Distribution: Average Number of Copies Each Issue During Preceding 12 Months: 1,180. Actual Number of Copies of Single Issue Published Nearest to Filing Date: 1,379. F. Copies Not Distributed: 1. Office use, Left Over, Unaccounted, Spoiled after printing: Average Number of Copies Each Issue During the Preceding 12 Months: 1,820; Actual Number of Copies of Single Issue Published Nearest to Filing Date: 1,721. G. Total: Average Number of Copies Each Issue During the Preceding 12 Months: 3,000; Actual Number of Copies Published Nearest to Filing Date: 3,000.

I certify that the statements made by me above are correct and complete.

Leonard R Liggio, Editor.

STUDIES IN ECONOMICTHEORY
Introducing a Distinguished New Book Series

CAPITAL, INTEREST AND RENT:
Essays In the Theory of Distribution

by Frank A. Fetter
Edited with an Introduction by
Murray N. Rothbard

This new collection of Fetter's essays systematically treats the fundamental problems raised by the Cambridgeneoclassical debate over distribution theory. Fetter had argued against capital as “produced means of production” and for an accounting concept of capital. Fetter replaced Ricardian differential rent with a “marginal productivity” concept of rent. In addition, he argued that time preference rather than the marginal productivity of capital determines the interest rate. In contrast to Fetter's incisive treatment, neoclassical theory has confused the determination of the rate of discount (interest rate) with the determination of that which is discounted (rents). Although the Cambridge-neoclassical debate on distributton theory has raised many important issues, neither approach has successfully resolved the fundamental problems.

Capital, Interest, and Rent now provides the missing systematic treatment.

408 Pages, Index
$12.00 Cloth, $4.95 Paper
>($5.50 in Canada)

CAPITAL AND ITS STRUCTURE

by Ludwig M. Lachmann

Generally, economists have treated capital as a homogeneous aggregate “stock” or “fund,” whose componentparts are merely units of money value, Ludwig Lachmann provides an impressive exception to this traditional treatment. He provides an exacting and penetrating examination of capital resources as heterogeneous factors, intricately interrelated to form an economy's capital structure, and continually being reshuffled in response to the dynamic productive process. Lachmann approaches his subject by combining the work of Carl Menger, Frank Knight, and Friedrich Hayek. Capital and Its Structure details capital formation and adjustment as a continuous transformation immensely complex in its combinations and heterogeneous flow, and capable of coordinating the ever-changing plans of individual participants.

156 Pages, Index
$15.00 Cloth, $4.95 Paper
($5 50 in Canada)

Now Available:

Adam Smith: The Man and His Works

By E. G. West

1776 was a year of momentous events, including publication of The Wealth of Nations —the book that launched the movement for economic liberty.

Here is a brisk look at the author of that epic, written for the layman and student. Hardcover $6.95, Paperback $1.45.

The Wisdom of Adam Smith

Adam Smith may have been the first great economist, but he was no dismal scientist. He was instead a man of great philosophical and historical learning, and his literary style was widely admired. The Wisdom of Adam Smith brings together his most incisive and eloquent observations on subjects ranging from political and economic history to morals, philosophy, art, education, war and the American colonies. Compiled by British scriptwriter and playwright John Haggarty, edited and with an introduction by Benjamin A. Rogge. Hardcover $7.95, Paperback $1.95.

The Theory of Moral Sentiments

By Adam Smith

Adam Smith's first book will startle those who think capitalists are purely selfish, for Smith fully understood that liberty must be based in a moral order. Dr. E. G. West, who writes the introduction, asserts that “if The Wealth of Nations had never been written, this previous work would have earned for him a prominent place in intellectual history.” The Theory of Moral Sentiments was greeted with rapturous praise in its own day. Smith's friend David Hume wrote to him from London soon after the publication, telling him that “the public seem disposed to .applaud it extremely.” The “mob of literati,” Hume added, “are beginning to be very loud in its praise.” Hardcover $9.95, Softcover $2.95.

Liberty Press Liberty Classics

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