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The article focuses on the profound impact of Ludwig von Mises's Human Action, emphasizing its significance as a major work in economics comparable to eighteenth-century philosophical classics. Topics include Mises's contributions to technical economics, his influence on the revival of the Austrian school and Cold War intellectual movements, and his role in advancing property rights economics, law and economics, and Public Choice economics.

This article explores the work of Professor Svetozar (Steve) Pejovich, focusing on his research on property rights, capitalism, socialism, and freedom. Pejovich argued that property rights are essential for organizing production and distribution, and he compared the differences between capitalist and socialist systems. The text emphasizes the importance of private property and the ability to exchange ownership rights. It also examines the impact of property rights on labor-managed firms in Communist Yugoslavia, highlighting the hindrance of economic calculation and pricing due to the inability to exchange ownership claims. The article concludes by discussing the emergence of "liberal socialism" and arguing that socialism, in any form, is incompatible with liberalism and democracy. [Extracted from the article]

The article focuses on classical economics. Topics include that the neoclassical mathematical theory of value culminated in Kenneth Arrow and Gerard Debreu's model characterizes the static general equilibrium state of an economy; and that the principle of individual utility maximization has no interesting implication for aggregate market demand.

The article identifies the assumptions of "orthodoxy" by observing their evolution in economic analysis. Topics include no correlation between orthodoxy or heterodoxy in economics and political beliefs and commitments, how the French Revolution has disrupted political culture and intellectual life in France, and competition among buyers and among sellers.

Focuses on the benefits of economic freedom. Components used in measuring economic freedom; Importance of economic freedom for economic growth; Importance of income equality; Neoclassical explanation of economic growth.