`One of the most learned and creative of contemporary Austrian economists offers a more comprehensive and persuasive account of that school than any other known to me. Professor Huerta de Soto even finds antecedents among the scholastics of 16th-century Spain. He emphasizes the decisive role of entrepreneurs in discovering opportunities, creating knowledge, putting widely scattered knowledge to use, and promoting economic coordination. He compares Austrian economics (favorably) with contemporary mainstream work. All economists should be acquainted with these Austrian contributions, including economists who may not be entirely convinced on some points of money-macro theory.' - Leland Yeager, Auburn University and University of Virginia, US `This volume sets out to present "the essential ideas of the Austrian school of economics". However, its author, a foremost contemporary Austrian economist in his own right, has placed his own stamp on each of the themes he has covered. Few...

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