The Market, Competition and Democracy provides a comprehensive critique of neo-Austrian economics, from the work of von Mises and Hayek in the 1920s to the present day. It is argued that, in their effort to deprive the state of any power to intervene in the economy, the neo-Austrians are led to a rejection of democratic politics and, thus, instead of promoting liberty, their ideas lead to an authoritarian political structure.
The late Stavros Ioannides, formerly Associate Professor of Economics, Department of Political Science and History, Panteion University, Athens, Greece
Origins and methodological principles of neo-Austrian theory; competition and knowledge; competition and market structure; the theory of entrepreneurship; equilibrium, dynamics and economic objectivity; the praxeological theory of capital; a theory of commodity-money; the theory of the trade cycle; the depoliticization of the economy; the socialist calculation debate and the historicity of state interventionism; the market, competition and democracy.
'. . . this is an interesting book by an informed scholar.'