Austrian Economics and the Political Economy of Freedom (New Thinking in Political Economy)
Richard M. EbelingISBN: 1840649402;
Book DescriptionRichard 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 modernAustrian 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,...
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