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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, and 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.
List of contents
1. The deadliest virus 2. Economic effects of pandemics: An Austrian analysis 3. The Japanization of the European Union 4. Anti-deflationist paranoia 5. In defense of the euro: An Austrian perspective: With a critique of the errors of the ECB and the interventionism of Brussels 6. Economic recessions, banking reform and the future of capitalism 7. Additional reflections on the economic crisis and the theory of the cycle 8. A critical note on the proposal for the reform of the international accounting standards 9. The fatal error of Solvency II 10. Classical liberalism versus anarchocapitalism 11. Anarchy, God and Pope Francis 12. The fundamentals of classical liberalism 13. Austrians versus market socialists 14. Planned economy and entrepreneurial function 15. A theory of libertarian nationalism 16. 'Lincoln and the (European) Union' (with a critique of the so-called 'liquidity principle') 17. Civilization, the market, and the moral order 18. The essence of the Austrian School and the concept of dynamic efficiency 19. The economic thought in Ancient Greece 20. The Austrian School and the Spanish Scholastics: Lessons for today and the future 21. The influence of Mises' Human Action and Hayek's The Constitution of Liberty on the development of Spanish economic and political thought 22. A review of Richard Cantillon's Essai sur la nature du commerce en général 23. A review of Jörg Guido Hülsmann's book, Mises: The Last Knight of Liberalism 24. A review of the book Salazar: The Dictator Who Refused to Die by Tom Gallagher 25. A review of the book Benedict XVI: A Life, by Peter Seewald 26. A brief autobiographical essay
About the author
Jesús Huerta de Soto is Professor of Political Economy at the Rey Juan Carlos University in Madrid. Among his most prominent books are
Money, Bank Credit and Economic Cycles, 4th ed. (2020);
Socialism, Economic Calculation and Entrepreneurship (2010);
The Austrian School: Market Order and Entrepreneurial Creativity (2008); and
The Theory of Dynamic Efficiency (2009).
Summary
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.
