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Political Economy, Public Policy and Monetary Economics - Ludwig von Mises and the Austrian Tradition (Paperback)
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Political Economy, Public Policy and Monetary Economics - Ludwig von Mises and the Austrian Tradition (Paperback)
Series: Routledge Studies in the History of Economics
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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.
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