The Austrian Case for the Free Market Process

  • by William Peterson
  • Narrated by Louis Rukeyser
  • 2 hrs and 54 mins
  • Unabridged Audiobook

Publisher's 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.


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Customer Reviews

Most Helpful

Keep it simple

I bought the audio book because I am a believer in the Austrian School's philosophy and wanted to learn more. I will agree that the content is informative and enlightening. I would have preferred that Louis Rukeyser did all of the reading rather than inject other voices with thick accents that sometimes makes it difficult to understand. My rating is for the content of the book only . I wish there was a separate rating system for the verbalization component of audio books.
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Simply wonderful

This is THE short-course for anyone who wants to understand natural law as it applies to economics. If you were taught Keynesian theory and it seemed like a foggy convoluted mess, Mises and Hayek will explain why in simple language. The vernacular accented voices in quotations adds color and sincerity where it isn't necessary but makes a most enjoyable addition. As David above states, the prophetic nature of these guys has been evident for decades, and those who fail to understand what Mises and Hayek teach are bound to slavery they will never comprehend.
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- David

Book Details

  • Release Date: 07-21-2006
  • Publisher: Blackstone Audio, Inc.