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The Austrian Case for the Free Market Process: Ludwig von Mises and Friedrich Hayek (Unabridged)

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The Austrian Case for the Free Market Process: Ludwig von Mises and Friedrich Hayek (Unabridged)

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Author: William Peterson
Audio Length: 3 hours and 6 min.
Format: Immediate Audio Download

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Audio Book Summary:

Ludwig von Mises (1881-1973) and Friedrich Hayek (1899-1992) were perhaps the foremost defenders of the free market and limited government during the mid-twentieth century ascendancy of Keynesian economics.

Mises highlighted the problem of economic calculation in non-market economics. He saw the price system as the basis of economic calculation, and emphasized the importance of sound money for it to work properly. Mises created an all-encompassing theory of economics as a system of human action. Hayek emphasized the role of knowledge in economics, asserting that man "cannot acquire the full knowledge that would make mastery of events possible". He insisted that capitalism has improved the living conditions of workers. Hayek received the Nobel Prize in 1974.

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Publisher: Blackstone Audio, Inc.
Product code: BK_BLAK_001583
Supplier: Audible.com


Audio Books > Nonfiction > Economics > The Austrian Case for the ...

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