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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.
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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.
This volume might be called the Mises Reader, for it contains a wide sampling of his academic essays on money, trade, and economic systems. Some of them, like "Observations on the Cooperative Movement," have not been published previously. Others, like "The Idea of Liberty Is Western," have already made their mark on intellectual history. Brought together by Mrs. Mises after her husband's death, and edited with an introduction by Richard Ebeling, this volume fills an important gap in providing an overview of Ludwig von Mises's best academic work. For that reason, this book is already widely used in graduate courses and seminars on the resurgence of the Austrian School.
When he fled Austria in 1934, Ludwig von Mises left behind a wealth of writings that, he supposed, were lost forever. Seized by the Nazi Gestapo, the papers were subsequently captured by the Soviet KGB and were archived in Moscow. Their discovery in 1996, by Professors Richard and Anna Ebeling of Hillsdale College, received widespread attention. In cooperation with Hillsdale College, Liberty Fund will make available these long-lost writings, many of which have not previously appeared in English, as part of a three-volume edition of selected writings by one of the unsurpassed economists of the twentieth century. In the first of the volumes to be published are contained separate previously unp...
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Edited by Richard M. Ebeling This volume might be called the Mises Reader, for it contains a wide sampling of his academic essays on money, trade, and economic systems. Some of them, like "Observations on the Cooperative Movement," have not been published previously. Others, like "The Idea of Liberty Is Western," have already made their mark on intellectual history. Brought together by Mrs. Mises after her husband's death, and edited with an introduction by Richard Ebeling, this volume fills an important gap in providing an overview of Ludwig von Mises's best academic work. For that reason, this book is already widely used in graduate courses and seminars on the resurgence of the Austrian School.
The present volume is devoted to some of Mises's earliest writings. As with the second volume in the series, the articles that compose this book include Mises's policy memoranda, essays, and speeches that were found in a formerly secret KGB archive in Moscow. The articles have two primary focuses: First, they reveal Mises's thoughts on the monetary, fiscal, and general economic policy problems of the Austro-Hungarian Empire before and during World War I; and second, they focus on his thoughts on the new postwar Austrian Republic after the dismantling of the Habsburg monarchy. An appendix to the volume includes a curriculum vitae that Mises's great grandfather prepared for the Habsburg emperor in 1881 as part of his ennoblement, which gave him and his heirs the hereditary title of "Edler von." Also included is a talk that Mises delivered at his private seminar in his office at the Vienna Chamber of Commerce in the spring of 1934 on the topic of the methodology of the social sciences. Ludwig von Mises (1881-1973) was the leading spokesman of the Austrian school of economics throughout most of the twentieth century. Richard Ebeling is Professor of Economics at Northwood University.