This book, the second of two volumes, explores the impact of Jesús Huerta de Soto and his role in the modern revival of the Austrian School of Economics. Through chapters discussing philosophy and political economy, the nature of capitalism and the foundations of economics are examined in relation to Austrian economics. These ideas and the work of Huerta de Soto are also contextualized within the broader history of economic thought to provide insight into their influence and development.
This book highlights and builds upon the intellectual legacy of Jesús Huerta de Soto through its contribution to the Austrian School of Economics. It will be relevant to students and researchers interested in Austrian economics, philosophy, and political economy.
Author(s): David Howden, Philipp Bagus
Publisher: Palgrave Macmillan
Year: 2023
Language: English
Pages: 299
City: Cham
Contents
List of Contributors
Jesús Huerta de Soto: An Appreciation
Society as a Creativity Process
Information
Subjective Knowledge of a Practical, Non-scientific Type
Private and Dispersed Knowledge
Tacit Knowledge
Transmissible Knowledge
Society
Conclusion
References
Nation, Secession, and Freedom
The Function of Secession in a Free Society
Conclusion
References
William of Ockham: An Unknown Libertarian Philosopher
References
Defending Absolutist Libertarianism
Conclusion
References
The Political-Economic Views of Mont Pelerin Society Members and Other Promoters of a Free Economy in 1980
The Underground or Informal Economy
Monetary Debates
The Power of the Bureaucracy
Nationalization Has Waned, but Regulation Lives On
Immigration
A Time of Optimism for Libertarians
References
Liberal Values Versus Envy
Envy, the Anti-Liberal Value
References
A Chronicle of Liberal Thought in Spain: From Salamanca to Vienna Through Madrid
The School of Salamanca
Ethics and Economy
The Austrian School in Madrid
References
The State: Its Origin and Nature
References
Dynamic Efficiency and a Judgment-Based Approach to Entrepreneurship: An Integrated Thesis for Development Economics
The Joint Nature Between Dynamic Efficiency and Judgment-Based Approach
Closure: TDE, JBA, and Austrian Development Economics
References
The Ultra-Reactionary as a Radical Libertarian: Carl Ludwig von Haller (1768–1854) on the Private Law Society
References
A Catholic View of Order, Creativity, and Justice
Contextualization
God, the Order in the World, and the Austrian School
The Causal-Realist Paradigm
Thomas Aquinas and the Order of the World
The Thinkers of the School of Salamanca
Creativity, Entrepreneurship, and Dynamic Efficiency
God, the State, and Evil
Conclusion
References
The Intellectual Error of Socialism in International Arbitration
The Nature of Law and Justice
The Nature of the State
The Problem of Political Authority
Conclusion
References
Ortega y Gasset and the Austrian Economists: A Missed Encounter
The Criticism of Rationalistic Extremism
False Individualism and True Individualism
Ortega in Hayek’s Works
References
The Devil by the Horns
References
The Entrepreneur of Ideas: A Review of Some Literature
The Marketplace of Ideas
Entrepreneurs
Conclusion
References
The Case Against Moderate Socialism
References
Austrian Economists in Madrid
The Arrival of Jesús Huerta de Soto
The Austrian School of Madrid and the New Austrians
The Tools of the Austrian School of Madrid
About the Future of the Austrian School of Madrid
References
Capitalism, Socialism, and the Neoclassical Trap
Smith, Malthus, and the Classics
Adam Smith, the Pin Factory, the Invisible Hand, and Economic Growth
Thomas Malthus, Diminishing Marginal Returns and Pessimism
The Neoclassical Tradition, and the Origin of Error
General Equilibrium, Pareto Optimality, and the Invisible Hand
Neoclassical Research Program, Socialism, and Rothbard
Murray Rothbard, the Damages of Monopolies and Optimality
Socialism Versus Capitalism in an Invalid Format
Conclusion
References
A Republican Defense of Anarchism
The Republican Philosophical Framework
The Contradictions of Republicanism
From Republicanism to Anarchism
Conclusion
References
Socialism, Economic Calculation and Entrepreneurship
Chapter I
Chapter II
Chapter III
Chapter IV
Chapter V
Chapter VI
Chapter VII
Conclusion
References
The Ideal of a Just Society: The Transformation of “Distributive” Justice into “Distributional” Justice
The Socially Just Society—The Ideal and the Reality
From “Distributive Justice” to “Distributional” Justice
From “Distributional” Justice to Social Justice
References
Intergenerational Solidarity, Welfare, and Human Ecology in Catholic Social Doctrine
Intergenerational Solidarity
Welfare
Human Ecology
Conclusion: The Question of Man and the Centrality of the Family
Ethics and Dynamic Efficiency: A Thomistic Approach
The Ethical Thought of Saint Thomas
The Entrepreneur as an Ethical Agent According to St. Thomas
Entrepreneurship, Efficiency and Virtue
Reason and Prudence
Will and Justice
Irascible Appetite and Fortitude
Concupiscible Appetite and Temperance
Conclusion
References
Index
