Austrian Economics and the Political Economy of Freedom

Austrian Economics and the Political Economy of Freedom

Description

Richard Ebeling's insightful and highly readable book explains and applies the ideas of the Austrian economists to a wide range of contemporary public policy issues. He combines intellectual political-economic history with the modern Austrian theory of the market process to challenge the premises and uses of mainstream neoclassical economics.

He shows the continuities between the positive contributions of the classical economists and the Austrian's in contrast to the neoclassical conceptions of man, the market economy and theory-formation for policy applications. Particular emphasis is given to the Austrian view of the human actor as creative innovator and planner who changes his world to improve his circumstances in comparison to the neoclassical idea of man as a passive economizer within given constraints. The Austrian approach is applied to the problems of the regulated economy, socialist central planning, the welfare state, monetary policy, international trade, and the hundred-year conflict between classical liberalism and collectivism.

Economists, historians of thought and policy analysts will find this collection of essays illuminating.


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Details

Author(s)
Richard M. Ebeling
Format
Hardback | 296 pages
Dimensions
156 x 234 x 31.75mm | 612.35g
Publication date
01 Aug 2003
Publisher
Edward Elgar Publishing Ltd
Publication City/Country
Cheltenham, United Kingdom
Language
English
ISBN10
1840649402
ISBN13
9781840649406