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Classics in Libertarian Thought
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Capitalism and Freedom (Phoenix Books)Capitalism and Freedom (Phoenix Books) by Milton Friedman
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Argues that capitalism is a necessary condition for the existence of democracy.
The Road to Serfdom Fiftieth Anniversary EditionThe Road to Serfdom Fiftieth Anniversary Edition by F. A. Hayek
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On the flip side, Hayek argues that socialism inevitably leads to despotism.
Free to Choose: A Personal StatementFree to Choose: A Personal Statement by Milton Friedman
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Expands on the arguments of Capitalism & Freedom through numerous examples demonstrating the predictable inefficiency and corruption caused by government intervention in the economy.
Bastiat's "The Law" (Occasional Paper, 123)Bastiat's "The Law" (Occasional Paper, 123) by Frederic Bastiat
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A classic, concise libertarian treatise: can be easily read in one night (online at bastiat.org).
Economics in One Lesson: The Shortest and Surest Way to Understand Basic EconomicsEconomics in One Lesson: The Shortest and Surest Way to Understand Basic Economics by Henry Hazlitt
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Traces economic policies beyond the feel-good intentions of politicians to their actual consequences. Sobering, hillarious, wonderful.
The Real Lincoln: A New Look at Abraham Lincoln, His Agenda, and an Unnecessary WarThe Real Lincoln: A New Look at Abraham Lincoln, His Agenda, and an Unnecessary War by Thomas Dilorenzo
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Explores the man who waged an unconstitutional war against constitutional government, including his support for slavery and opposition to racial equality.
Defending the Undefendable: The pimp, prostitute, scab, slumlord, libeler, moneylender and other scapegoats in the rogue's gallery of American societyDefending the Undefendable: The pimp, prostitute, scab, slumlord, libeler, moneylender and other scapegoats in the rogue's gallery of American society by Walter Block
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Takes libertarian arguments to the extreme by defending every type of "capitalistic act between conscenting adults." Entertaining & delightful.
On Liberty: 7 (Penguin Classics)On Liberty: 7 (Penguin Classics) by John Stuart Mill
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Defends individualism and freedom of expression from a utilitarian perspective. Shows how public schools violate every principle of a free society.