Lectures in Austrian Economics, Volume II - Monetary Policy, Capital Theory, Business Cycles and Interventionism

This book, the second of two volumes, provides a comprehensive overview of the core topics within Austrian economics. With a focus on macroeconomics, it explores foundational ideas within Austrian economics, including monetary and banking theory, law, capital theory, business cycles, the relationship between the market and the state, and interventionism. These ideas are contextualized within the history of economic thought, in particular the work of Ludwig von Mises. The Keynesian system, reform to the banking system, wages, social order, fiscal policy, and the political economy of ethics are also discussed.
This book offers an accessible and engaging synthesis of Austrian economics that redefines the topic within modern economics. It will be relevant to students and researchers interested in Austrian economics and the political economy.

List of contents

1. Introduction.- 2. Legal nature of the irregular money deposit contract.- 3. Essential differences between irregular deposit and loan. 4. The Theory of Capital.- 5. The Theory of the Business Cycle.- 6. Criticism of Monetarist and Keynesian Theories.- 7. Reform to the Banking System.- 8. The Price of the Factors of Production.- 9. History and Politics.- 10. Laws, Mandates and Social Order.- 11. Different Types of Socialism.- 12. Ludwig von Mises and Economic Calculation.- 13. The Criticism of Market Socialism.- 14. The State and the Market.- 15. Production Restriction.- 16. Fiscal Interventionism.- 17. International Relations.- 18. The War Economy.- 19. The Principle of Welfare Versus the Principle of the Market.- 20. The Crisis of Interventionism.- 21. The Economy in the Educational System.- 22. The Economy and Essential Problems of Human Existence.- 23. Unionism and Corporatism.- 24. Theory Economic of the Nationalism and Immigration.- 25. History of Economic Thoughts.- 26. Criticism of the Exploitation Theory.- 27. The European Union.- 28. Ethics and Political Economy.

About the author

Jesús Huerta de Soto is Professor of Economics at the King Juan Carlos University and a Senior Fellow at the Mises Institute.

Product details

• Authors: Huerta de Soto, Jesús Huerta de Soto, Jesús Huerta De Soto
• Publisher: Springer, Berlin
• Languages: English
• Product format: Hardback
• Released: 17.02.2025
• EAN: 9783031750984
• ISBN: 978-3-0-3175098-4
• No. of pages: 531
• Illustrations: XXV, 531 p.
• Series: Palgrave Studies in Austrian Economics
• Subjects: Social sciences, law, business > Political science > Politics and business; Makroökonomie, Economic Policy, Wirtschaftstheorie und -philosophie, monetary policy, Wages, Socialism, Macroeconomics and Monetary Economics, Social Order, History of Economic Thought and Methodology, Political Economy and Economic Systems, fiscal policy, monetary theory, Capital theory, central banking, Keynesian system, Price of production, Economic calculation, Austrian business cycles, Free banking, Fiscal interventionism, Market socialism, Economic cycle, Irregular money deposit, Political economy of ethics, Banking system reform, Market and state