Part of: Literature of Liberty: A Review of Contemporary Liberal Thought Literature of Liberty, Winter 1982, vol. 5, No. 4

Literature of Liberty: A Review of Contemporary Liberal Thought was published by the Cato Institute (1978-1979) and later by the Institute for Humane Studies (1980-1982) under the direction of Leonard P. Liggio. It consisted of bibliographical essays, editorials, and shorter reviews of books and journal articles. There were 5 volumes and 20 issues. This issue contains an essay by John Gray on “F.A. Hayek and the Rebirth of Classical Liberalism”.

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Citation

Literature of Liberty: A Review of Contemporary Liberal Thought was published first by the Cato Institute (1978-1979) and later by the Institute for Humane Studies (1980-1982) under the editorial direction of Leonard P. Liggio.

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Economics

I want to argue that the “order” of the market emerges only from the process of voluntary exchange among the participating individuals. The “order” is, itself, defined as the outcome of the process that generates it. The “it,” the allocation-distribution result, does not, and cannot, exist…

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