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James M. Buchanan

While relatively short, Cost and Choice, according to Hartmut Kliemt in the foreword, “holds quite a central place in Buchanan’s work. For the fundamental economic notion of ‘cost’, or...

Randall G. Holcombe

The Austrian tradition began formally with Carl Menger's 1871 work Principles of Economics. But its roots stretch back to the late-scholastic period, when philosophers first began to think...