In this book, economist Richard Ebeling introduces you to the central ideas in Austrian economics, as well as their importance for us today.
Over the last 100 years, governments have attempted to replace people's own free actions for mutual betterment with systems of government regulation, planning, redistribution, and control. These have gone under the names of socialism, communism, fascism, National Socialism (Nazism) interventionism, welfare statism, "progressivism", the "third-way", social democracy, Keynesianism, and many others. Their common premise is that those in political authority and power can micro- and macro-manage the social and economic affairs of human society in ways better and more socially just than the free market.
Austrian economics shows why and how it is that all these attempts at government social engineering have failed and often with disastrous consequences.
So what is Austrian economics? And what makes it so important to understanding the economic policy issues we face today? Listen to this book and find out.
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Customer ReviewsMost Helpful
By Randy Litton on 09-10-17
A discussion of political stupidity.
Loved it. Systematic debunking of social ism and Obama think. Should be required reading for government.
1 of 1 people found this review helpful
By Jb on 15-05-18
Great introduction and/or redux of Austrian Economics. Always learn something new when I read other Austrians.