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Find more info., search and price compare for The Austrian Case for the Free Market Process: Knowledge Products (Great Economic Thinkers) (Library Edition) by Dr William Peterson Binding: Audio CD, Unabridged edition Publisher: Knowledge Products Weight: 0.25 pound Dimension: H: 0.6 x L: 14.5 x W: 7.5 inches ISBN 10: 0786169478 ISBN 13: 9780786169474 Click here to search for this book and compare price at 40+ bookstores with AddALL.com! If you cannot find this book in our new and in print search, be sure to try our used and out of print search too! |
Book Description: 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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