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Austrian economist, Ludwig von Mises, was one of the most original and controversial economists of the 20^th 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 20^th 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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This is volume 19 in the "Major Conservative and Libertarian Thinkers" series. Ludwig Von Mises (1881-1973) was a prominent figure in the Austrian School of economics. He was an intransigent advocate of laissez-faire who believed that the government should not intervene in the economy at all. As early as 1920, he claimed that socialism would fail economically. Born in Austria, he later fled Nazism and came to the US, where he taught at New York University until 1969. The Keynesian revolution that took over American economics made his ideas on economic reasoning and policy seem old-fashioned. However, he was instrumental in helping establish an Austrian School of economics in the US and his most famous student, F. A. Hayek, would win the Nobel Prize in Economics in 1974 for his work building on Mises' business cycle theory. "Major Conservative and Libertarian Thinkers" provides comprehensive accounts of the works of seminal conservative thinkers from a variety of periods, disciplines, and traditions - the first series of its kind. Even the selection of thinkers adds another aspect to conservative thinking, including not only theorists but also writers and practitioners.The series comprises twenty volumes, each including an intellectual biography, historical context, critical exposition of the thinker's work, reception and influence, contemporary relevance, bibliography including references to electronic resources, and an index. ... Read more

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Richard Ritter von Strigl (1891-1942) was one of the mostbrilliant Austrian economists of the interwar period. As professor atthe University of Vienna he had a decisive influence on Hayek,Machlup, Haberler, Morgenstern, and other fourth-generation Austrianeconomists.

Very few classic works on capital and business cycles in the Austriantradition have been translated from the original German. Now Strigl'simportant contribution to Austrian capital theory is brought to theEnglish-speaking world for the first time. The book links Eugen vonBöhm-Bawerk's production theory and Mises's business cycle theory, andgives a pathbreaking account of the role of consumers' goods withinthe structure of production.

Translated by Hans-Hermann Hoppe, with an extended introduction byJörg Guido Hülsmann, Capital and Production is the essentialfoundation, both in theory and in the history of thought, to Austrianmacroeconomics. ... Read more

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This digital document is an article from Science and Its Times, brought to you by Gale®, a part of Cengage Learning, a world leader in e-research and educational publishing for libraries, schools and businesses.The length of the article is 1985 words.The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase.You can view it with any web browser.The histories of science, technology, and mathematics merge with the study of humanities and social science in this interdisciplinary reference work. Essays on people, theories, discoveries, and concepts are combined with overviews, bibliographies of primary documents, and chronological elements to offer students a fascinating way to understand the impact of science on the course of human history and how science affects everyday life. Entries represent people and developments throughout the world, from about 2000 B.C. through the end of the twentieth century. ... Read more