Suchergebnisse

"Featuring essays on topics ranging from the pandemic to antideflationist paranoia and the crisis of classical liberalism, this volume explores the various ways in which socialism-statism is the "deadliest virus" which constantly endangers the spontaneous process of social cooperation. Drawing on the Austrian school of economics, the book includes writings on the monetary policy of the European Central Bank and the economics of pandemics, economic cycles, Japanization and deflation, the crisis of classical liberalism versus anarchocapitalism, market socialism and nationalism, the relations between efficiency and ethics. This book will be of great interest to those engaged with the study of Austrian economics, economic methodology, the monetary policy of the European Central Bank, the economic theory of pandemics, the theory of banking and economic cycles, the theory of dynamic efficiency and the history of economic thought"--

AbstractEconomists of the Austrian School are supporters of the gold standard because it hinders and restricts arbitrary policies and rulers: it disciplines the behavior of all the agents involved in the democratic process and encourages people to act orderly and morally. It is, in fact, an obstacle to the lies and demagoguery because it spreads and facilitates transparency and truth in social relations. The creation of the euro in 1999 and its final implementation in 2002 assumed the disappearance of monetary nationalism and flexible exchange rates in most of continental Europe. We will discuss the errors committed by the European Central Bank. It is now seen how the different states of the European Monetary Union have given and completely lost their monetary autonomy, that is to say the ability to manipulate their local currency to serve political needs. In this sense, the euro has therefore acted, at least for the countries of the euro area, very similar to that which was, in its time, the gold standard manner. This is why the euro should be considered a real equivalent, albeit imperfect, of the gold standard.

In a lecture in November 2008, Professor Huerta de Soto set out the key contributions of the Austrian School to economic thought.

The introduction of the Solvency II insurance company regulatory regime is based on a flawed application of scientific ideas to areas to which they are simply not applicable. The new regime will endanger the solvency of the insurance industry in the long run.

1. Introduction -- 2. Jesús Huerta de Soto and the School of Salamanca -- 3. The transfer of credit risk to the central bank under issuance of central bank digital currency central bank digital currency -- 4. Spontaneous Money: The Emergence of Lancashire Bills & Their Demise -- 5. An Academic Entrepreneur at Work -- 6. Bankruptcy, Reorganization and the Nature of the Firm -- 7. Emotions, Behavior and Austrian Economics -- 8. The Austrian Theory of Consumption-Period Planning -- 9. Economic order and business order -- 10. The role of history in economic theorizing -- 11. The connection of public choice and Austrian economics in the works of Jesús Huerta de Soto -- 12. Adulterated Contracts -- 13. The implications of the teachings of Huerta de Soto on investments -- 14. Entrepreneurship and knowledge -- 15. The Geotechnosocioeconomic Process as a transforming and coordinating mechanism of the market structures and their business functions -- 16. A critical assessment of CAPM for equity investment decision -- 17. A Brief Note on Bank Circulation Credit and Time Preference -- 18. Dynamic Efficiency, Economic Development, and the Ethics of Property -- 19. Milton Friedman and the Financial Crisis -- 20. Hayek's Overinvestment Theory and the Stability of the Euro (Area) -- 21. Monetary Competition: Countries with two currencies -- 22. The Greatest Economist Ever -- 23. The inspiration of J. Huerta de Soto -- 24. Entrepreneurship, property and the managerial function within the analytical model.

1. Introduction -- 2. The Catholic Religion and the Ethics of Capitalism -- 3. A Theory of Deregulation -- 4. Liberal nationalism and secession -- 5. The non-aggression principle is only a first approximation to libertarianism -- 6. The methodological writing of Jesús Huerta de Soto -- 7. The achievements of the free market -- 8. The impact of Prof. Huerta de Soto on the Austrian School and liberalism in Spain in the past 30 years -- 9. Huerta de Soto and the State -- 10. Economic calculation, legal contracts of free banking, and entrepreneurial efficiency: a comprehensive understanding of Professor Jesús Huerta de Soto's contributions -- 11. Carl-Ludwig von Haller on Private Law Society. Ultra-Reactionary as Libertarian -- 12. The moral and religious dimensions of Jesús Huerta de Soto -- 13. Arbitration and the Theory of the Impossibility of Socialism -- 14. Individualism and Ortega y Gasset -- 15. Classical liberalism vs. Anarchocapitalism -- 16. The Case Against Socialists of All Parties -- 17. The Austrian school in Madrid- the years ahead -- 18. Neoclassicists and socialism -- 19. A defense of anarchism against republicanism -- 20. A review of Huerta de Soto's socialism -- 21. Puviani on the liberalism of Adam Smith -- 22. Size matters: The Place of Jesús Huerta de Soto in the Austrian Tradition of Economic Treatises -- 23. Intergenerational Solidarity, Welfare and Human Ecology in the Social Doctrine of the Church -- 24. Ethics and the Economic Thought of Jesús Huerta de Soto -- 25. The Ideal of a Just Society: The Transformation of "Distributive" Justice into 'Distributional' Justice.

This book, the second of two volumes, explores the impact of Jess Huerta de Soto and his role in the modern revival of the Austrian School of Economics. Through chapters discussing philosophy and political economy, the nature of capitalism and the foundations of economics are examined in relation to Austrian economics. These ideas and the work of Huerta de Soto are also contextualized within the broader history of economic thought to provide insight into their influence and development. This book highlights and builds upon the intellectual legacy of Jess Huerta de Soto through its contribution to the Austrian School of Economics. It will be relevant to students and researchers interested in Austrian economics, philosophy, and political economy. David Howden is Professor of Economics at Saint Louis University Madrid Campus. Philipp Bagus is Professor of Economics at Universidad Rey Juan Carlos.