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The Essential Von Mises

2 customer reviews
ISBN-13: 978-0910884334
ISBN-10: 0910884331
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Product Details

  • Paperback
  • Publisher: Libertarian Pr (June 1980)
  • Language: English
  • ISBN-10: 0910884331
  • ISBN-13: 978-0910884334
  • Product Dimensions: 0.2 x 4 x 9 inches
  • Shipping Weight: 2.4 ounces
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #11,501,860 in Books (See Top 100 in Books)

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10 of 10 people found the following review helpful By A Customer on January 22, 1999
Format: Paperback
A very basic overview on Von Mises which should be the first thing one reads on the great economist. However it is included in an excellent collection of essays "Planning for Freedom" whcih should be bought instead and from there the reader is well launched.
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3 of 3 people found the following review helpful By Steven H Propp TOP 100 REVIEWER on February 15, 2012
Format: Unknown Binding
Murray Newton Rothbard (1926-1995) was an American economist, historian and political theorist. He was a prominent exponent of the Austrian School of economics in this country and a key figure in the American libertarian movement.

This 1973 essay begins with Rothbard's summary of "The Austrian School," commenting that "It was (Carl) Menger who founded the 'Austrian School,'" and "(Eugen) Böhm-Bawerk towered above (19th century economists) all." (Pg. 5)

Mises' The Theory of Money and Credit showed that governmental money inflation creates over-investment in the capital goods industries and under-investment in consumer goods, and a "recession" or "depression" is "the necessary process by which the market liquidates the distortions of the boom and returns to the free-market system of production... Recovery arrives when this adjustment process is completed." (Pg. 19-20)

Rothbard notes that Mises' accomplishments "were never really acknowledged or accepted by the economics profession." His position at the University of Vienna was unsalaried, and his income came from his position as an economic advisor to the Austrian Chamber of Commerce. His book was also not translated into English until 1934, and "it came too late to take hold." (Pg. 21)

Still, in a 1920 journal article (later expanded in his book
...Read more ›
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