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Austrian Case for the Free Market Mass -3 CD's

Austrian Case for the Free Market Mass -3 CD's - 88 edition

Austrian Case for the Free Market Mass -3 CD's - 88 edition

ISBN13: 9780786169474

ISBN10: 0786169478

Austrian Case for the Free Market Mass -3 CD
Cover type: Box
Edition: 88
Copyright: 1988
Publisher: Black Stone Audio
Published: 1988
International: No
Austrian Case for the Free Market Mass -3 CD

ISBN13: 9780786169474

ISBN10: 0786169478

Cover type: Box
Edition: 88

List price: $25.00

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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.