This book, the second of two volumes, provides a comprehensive overview of the core topics within Austrian economics. With a focus on macroeconomics, it explores foundational ideas within Austrian economics, including monetary and banking theory, law, capital theory, business cycles, the relationship between the market and the state, and interventionism. These ideas are contextualized within the history of economic thought, in particular the work of Ludwig von Mises. The Keynesian system, reform to the banking system, wages, social order, fiscal policy, and the political economy of ethics are also discussed.

This book offers an accessible and engaging synthesis of Austrian economics that redefines the topic within modern economics. It will be relevant to students and researchers interested in Austrian economics and the political economy.

Provides a comprehensive overview of the core topics within Austrian economics Redefines Austrian economics within current economic research Explores foundational economics ideas within Austrian economics, including monetary and capital theory

Autorentext

Jesús Huerta de Soto is Professor of Economics at the King Juan Carlos University and a Senior Fellow at the Mises Institute.

Inhalt

1. Introduction.- 2. Legal nature of the irregular money deposit contract.- 3. Essential differences between irregular deposit and loan. 4. The Theory of Capital.- 5. The Theory of the Business Cycle.- 6. Criticism of Monetarist and Keynesian Theories.- 7. Reform to the Banking System.- 8. The Price of the Factors of Production.- 9. History and Politics.- 10. Laws, Mandates and Social Order.- 11. Different Types of Socialism.- 12. Ludwig von Mises and Economic Calculation.- 13. The Criticism of Market Socialism.- 14. The State and the Market.- 15. Production Restriction.- 16. Fiscal Interventionism.- 17. International Relations.- 18. The War Economy.- 19. The Principle of Welfare Versus the Principle of the Market.- 20. The Crisis of Interventionism.- 21. The Economy in the Educational System.- 22. The Economy and Essential Problems of Human Existence.- 23. Unionism and Corporatism.- 24. Theory Economic of the Nationalism and Immigration.- 25. History of Economic Thoughts.- 26. Criticism of the Exploitation Theory.- 27. The European Union.- 28. Ethics and Political Economy.