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News Link • Philosophy: Libertarianism

Richard Ebeling on Libertarianism, Anarchism and the Truth of Austrian Economics

•, with Anthony Wile

Daily Bell: Give our readers an update on your activities.

Richard Ebeling: Well, in 2010 my book, Political Economy, Public Policy, and Monetary Economics: Ludwig von Mises and the Austrian Tradition was published by Routledge. It offers an explanation of the Austrian approach to economics and public policy through an analysis of the life and writings of Ludwig von Mises, the most original and influential member of the Austrian School of Economics in the twentieth century.

I present a detailed analysis and comparison, for instance, of the Austrian and Keynesian conceptions of money, business cycles and the causes and cures for the Great Depression of the 1930s. I explain the similarities and differences between Mises and Joseph Schumpeter on money and economic fluctuations, as well as a contrast between the Austrians and the Swedish or Stockholm School of Economics.

I also discuss in great depth Mises's analysis of the monetary, fiscal and interventionist policies that plagued Austria and Europe in general in the years leading up to the First World War, and then between the two World Wars in the 1920s and 1930s, as well as his policy prescriptions about how nations can restore systems of political and economic freedom that he wrote during the Second World War. 

2 Comments in Response to

Comment by Anonymous
Entered on:

And it is pretty amazing when we realize that all of this turmoil is about piles of paper!  Paper that we literally buy into!

Comment by Ed Price
Entered on:

Lot's of stuff in this article. If you want to understand it, keep reminding yourself as you read, that all money is simply stored up labor of people.

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