Ludwig von Mises and Friedrich Hayek were perhaps the foremost defenders of the free market and limited government during the mid-twentieth century ascendancy of Keynesian economics. Mises saw the price system as the basis of economic calculation and emphasized the importance of sound money for it to work properly. He 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 ...
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Ludwig von Mises and Friedrich Hayek were perhaps the foremost defenders of the free market and limited government during the mid-twentieth century ascendancy of Keynesian economics. Mises saw the price system as the basis of economic calculation and emphasized the importance of sound money for it to work properly. He 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. He received the Nobel Prize in 1974.
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Add this copy of The Austrian Case for the Free Market Process: Ludwig to cart. $36.51, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2013 by Blackstone Pub.