Austrian economist, Ludwig von Mises, was one of the most
original and controversial economists of the 20th century, both as
a defender of free-market liberalism and a leading opponent of
socialism and the interventionist-welfare state. He was both the
grant designer of a political economy of freedom and a trenchant,
detailed critic of government regulatory and monetary policies in
the first half of the 20th century.
This fascinating book explores the cultural currents of
anti-Semitism in Austria before and after the First World War that
Mises confronted as an Austrian Jew; his analysis of
Austria-Hungary 's establishment of a gold standard; Mises
multi-sided activities in the years after the World War I in
stemming a hyperinflation, opposing government fiscal
mismanagement, and resisting misguided policies during the Great
Depression; and his analysis of how Europe plunged into World War
II and the policies to restore freedom and prosperity in the
post-war period. It also discusses the confrontation between the
Austrian Economists and the Keynesians over the causes and cures
for the Great Depression, as well as how Mises "Austrian" approach
to money and the business cycle contrasted with both the ideas of
Joseph A. Schumpeter and the Swedish Economists of the interwar
period.
This volume breaks new ground in placing Ludwig von Mises many
original views on political economy, public policy and monetary
economics in the historical context of his time, especially during
the interwar period when he was a senior economic analyst for the
Vienna Chamber of Commerce and after his arrival in America during
World War II. The book will therefore be of interest to students
and researchers in monetary economics, political economy,
expectations theory and the market process, and the history of
economic thought.
General
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