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Here is the book to learn classical liberalism from the ground up, written by the foremost historian in the Austrian tradition--Ralph Raico. He takes on all comers, disposing of all opponents of the market from Keynesians to Marxists and everyone in between, with crackling prose and sizzling wit. The liberal history comes alive with Raico's pen, and at the same time quenches the reader's thirst for detail, infusing an excitement that urges the reader to further explore. Raico's breadth of scholarship is on full display, combining insights and arguments from disparate points. He provides clarity to a history that is often slanted and distorted. Multiple reference lists contained in the book will serve as a classical liberal treasure trove for students and scholars for decades to come.

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These are difficult times for those who love freedom. But they are nothing like what Mises faced during his life. He prevailed, and his Memoirs explain how. We can learn from Mises in this respect too. "How one carries on in the face of unavoidable catastrophe is a matter of temperament," wrote Ludwig von Mises in his private memoir of his life in Europe. It was true in his time and it is true in ours. This new translation and edition of Mises's moving account of his life, published by the Mises Institute, provides not only deeply fascinating personal history; it also functions as a moral and spiritual guide for any lover of liberty during times of despotism. It was written during and after his immigration to the United States in 1940. Despite being driven from his home, seeing his country taken over by a foreign dictator, having his books burned and his papers stolen, and finally pushed out of the sanctuary he had for six years, he never lost determination and never doubted the truth of liberty.

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Rare is the scholar to inspire a festschrift--a volume of papers written by top specialists in honor of a major thinker-but this one is very special. It is sure to grow in importance as the years move on, for it contains phenomenal contributions written in the tradition of the work of Hans-Hermann Hoppe. Hoppe is one of the most important scholars of our time. He has made pioneering contributions to sociology, economics, philosophy, and history. His important books include Handeln und Erkennen (1976), Kritik der Kausalwissenschaftlichen Sozialforschung (1983), Eigentum, Anarchie, und Staat (1987), A Theory of Socialism and Capitalism (1989), The Economics and Ethics of Private Property (1993, enlarged 2nd edition 2006), Democracy--The God That Failed (2001), and The Myth of National Defense (editor, 2003). He is the founder and president of the international Property and Freedom Society, which promotes scientific debate in combination with intransigent libertarian radicalism. Now Professor Emeritus of Economics at UNLV and Distinguished Fellow with the Ludwig von Mises Institute, Hoppe and his writings have inspired scholars around the world to follow in his footsteps and to provide a scientific foundation for individual freedom and a free society. The festschrift honors the occasion of his 60th birthday. The festschrift contains personal testimonies and essays in Professor Hoppe's preferred research areas, such as political philosophy, democracy, and economics. The contributors are colleagues, collaborators, and former students from all over the world, including Llewellyn H. Rockwell, Sean Gabb, Jesus Huerta de Soto, Robert Higgs, Frank van Dun, Paul Gottfried, Joseph T. Salerno, Walter Block, and Thomas J. DiLorenzo. The 400-page Festschrift was presented to Professor Hoppe at a private ceremony on July 29, 2009, in Auburn, AL during Mises University 2009.

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There is a reason that this book has been translated to Chinese, German, Spanish, Czech, and there are many more on the way. This book hits the intellectual sweet spot, speaking to the issues that are driving economic events right now. We MUST deal with the money problem in a principled way, else we never get back on the course of sustainable prosperity. By "money production," the author is speaking not in the colloquial sense of the phrase "making money," but rather the actual production of money as a commodity in the whole economic life. The choice of the money we use in exchange is not something that needs to be established and fixed by government. In fact, his thesis is that a government monopoly on money production and management has no ethical or economic grounding at all. Legal tender laws, bailout guarantees, tax-backed deposit insurance, and the entire apparatus that sustains national monetary systems, has been wholly unjustified. Money, he argues, should be a privately produced good like any other, such as clothing or food.

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Richard Ritter von Strigl (1891-1942) was one of the most brilliant Austrian economists of the interwar period. As a professor at the University of Vienna he had a decisive influence on Hayek, Machlup, Haberler, Morgenstern, and other fourth-generation Austrian economists. Very few classic works on capital and business cycles in the Austrian tradition have been translated from the original German. Strigl's important contribution to Austrian capital theory is brought to the English-speaking world for the first time. The book links Eugen von Bohm-Bawerk's production theory and Mises's business-cycle theory, and gives a pathbreaking account of the role of consumers' goods within the structure of production. Translated by Hans-Hermann Hoppe, with an extended introduction by Jorg Guido Hulsmann, "Capital and Production" is the essential foundation - both in theory and in the history of thought - to Austrian macroeconomics. As positive theory, this book is unusually lucid. He patiently lays out the entire theory of capital and production, long before getting to applications in the area of business-cycle theory. He establishes without question that time and production plans play the critical role in the formation of the capital sector. We find in here the foundation of what later came to be called Hayekian triangles. We even find a thorough discussion of the impossibility of central monetary planning by the Federal Reserve - it has no way to meet changes in demand with rational plans. In general, Strigl's theory and explication offer a level of clarity and plainness of expression that some find missing in later works by, for example, F.A. Hayek.