Occasional Papers


The Condensed Wealth of Nations and The Incredibly Condensed Theory of Moral Sentiments
Eamonn Butler
12 June 2012 | OP126

Adam Smith’s The Wealth of Nations is one of the most important books ever written. Smith recognised that economic specialisation and cooperation was the key to improving living standards. He shattered old ways of thinking…

Ludwig von Mises-Primer
Eamonn Butler
16 December 2010 | OP120

Ludwig von Mises was one of the greatest economists and political scientists of the twentieth century. He revolutionised the understanding of money, inflation and recessions; comprehensively refuted the arguments for socialism; and produced a devastating…

Milton Friedman: A Tribute
Maurice Newman
04 December 2007 | OP106

Nobel-Prize-winning economist Milton Friedman died in late 2006. In March 2007, the CIS hosted a tribute to Friedman and his contribution to Australia’s political and economic life. This Occasional Paper collects the addresses of the…

Trading Phobias: Governments, NGOs and Globalisation
03 October 2000 | OP75

We live in an era of unprecedented material prosperity, and yet the post-war multilateral trading system largely responsible for the creation of this wealth is under threat.  Anne Krueger presents the Annual John Bonython Lecture.…

How Markets Work: Disequilibrium, Entrepreneurship and Discovery
Israel Kirzner
12 October 1999 | OP64

Mainstream economic theory starts from the assumption of ‘equilibrium’, under which markets are perfectly competitive. The ‘Austrian’ tradition, argues that this amounts to the assuming away of the most important economic problem: how do markets…