For Immediate Release
August 18, 2026
News Release
The Independent Review: The Best of the First 30 Years
New Book Offers Liberty with A Soul
Oakland, CA—For over 30 years, The Independent Review, the quarterly journal of the Independent Institute has shown that serious scholarship can be engaging, accessible, and relevant to the world beyond the academy.
Now, the journal’s most influential and enduring essays have been collected in a single volume. The Independent Review: The Best of the First 30 Years, edited by Robert M. Whaples (Independent Institute Senior Fellow, and professor of economics at Wake Forest University), celebrates the highest caliber of scholarship by the world’s leading experts.
“Publisher David Theroux and editor Robert Higgs conceived the journal as a vehicle for independent scholarship produced by independent minds, and it has fulfilled this mission for three decades. The authors who have made it a success deserve to be thanked. Their ideas deserve to be disseminated, heeded, and celebrated,” said Whaples, the Managing editor of The Independent Journal.
One of the journal’s most cited articles included in the book is Independent Institute Retired Senior Fellow Robert Higgs’ “Regime Uncertainty: Why the Great Depression Lasted So Long and Why Prosperity Resumed After the War.” Challenging conventional accounts of the Great Depression, he argues that recovery stalled because investors feared that the Roosevelt administration’s unprecedented expansion of government had placed private property rights at risk.
Another landmark essay is Nobel Laureate James Buchanan’s “The Soul of Classical Liberalism.” By grounding liberty in both personal responsibility and mutual respect, Buchanan reminds readers that classical liberalism is ultimately a philosophy of morality and hope as much as of freedom.
For anyone who believes ideas still matter, and that the best of them deserve a wider audience than the seminar room, The Independent Review: The Best of the First Thirty Years belongs on their shelf.
For more information, contact Robert Ade, [email protected], or (510) 635-3690.
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INDEPENDENT INSTITUTE
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The Independent Institute is a non-profit, public policy, research and educational organization that promotes the power of independent thinking to boldly advance peaceful, prosperous, and free societies grounded in a commitment to human worth and dignity. For more information, visit Independent.org.








