This book, the first of two volumes, explores the impact of Jesús Huerta de Soto and his role in the modern revival of the Austrian School of Economics. The chapters focusing on monetary economics, business cycle theory, and entrepreneurship, combine established ideas with novel topics to explore the new directions forged by Huerta de Soto’s ideas. This approach presents Huerta de Soto’s influence on modern economics. It also outlines his current research paradigm.
This book aims to highlight and build 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 monetary policy and Austrian economics.
Table of Content
1. Introduction.- 2. Jesús Huerta de Soto and the School of Salamanca.- 3. The transfer of credit risk to the central bank under issuance of central bank digital currency central bank digital currency.- 4. Spontaneous Money: The Emergence of Lancashire Bills & Their Demise.- 5. An Academic Entrepreneur at Work.- 6. Bankruptcy, Reorganization and the Nature of the Firm.- 7. Emotions, Behavior and Austrian Economics.- 8. The Austrian Theory of Consumption-Period Planning.- 9. Economic order and business order.- 10. The role of history in economic theorizing.- 11. The connection of public choice and Austrian economics in the works of Jesús Huerta de Soto.- 12. Adulterated Contracts.- 13. The implications of the teachings of Huerta de Soto on investments.- 14. Entrepreneurship and knowledge.- 15. The Geotechnosocioeconomic Process as a transforming and coordinating mechanism of the market structures and their business functions.- 16. A critical assessment of CAPM for equity investment decision.- 17. A Brief Note on Bank Circulation Credit and Time Preference.- 18. Dynamic Efficiency, Economic Development, and the Ethics of Property.- 19. Milton Friedman and the Financial Crisis.- 20. Hayek’s Overinvestment Theory and the Stability of the Euro (Area).- 21. Monetary Competition: Countries with two currencies.- 22. The Greatest Economist Ever.- 23. The inspiration of J. Huerta de Soto.- 24. Entrepreneurship, property and the managerial function within the analytical model.
About the author
David Howden is Professor of Economics at Saint Louis University – Madrid Campus.
Philipp Bagus is Professor of Economics at Universidad Rey Juan Carlos.