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  • Jesús Huerta de Soto

Jesús Huerta de Soto

Tags Business CyclesMoney and Banking

Works Published inQuarterly Journal of Austrian EconomicsAustrian Economics NewsletterMises Daily ArticleThe Journal of Libertarian StudiesArticles of Interest

AwardsGary G. Schlarbaum Prize for Lifetime Defense of Liberty

The development of economics as a science which is always based on human beings, the creative actors and protagonists in all social processes and events (the subjectivist conception), is undoubtedly the most significant and characteristic contribution made by the Austrian School of economics, founded by Carl Menger.

Jesús Huerta de Soto received doctoral degrees in Law (1984) and Economic and Business Sciences (1992), both from Complutense University of Madrid, and an MBA from Stanford University. He has been a Professor of Political Economy at Complutense University of Madrid's Law School since 1979. In 1983, Huerta de Soto received the Rey Juan Carlos Award in Economics, in 2005 the CNE's Adam Smith Award for lifetime achievement, and in 2009 he was awarded an honorary degree from Universidad Francisco Marroquin. Huerta de Soto is also a member of Mont Pelerin Society's Board of Directors, a member of the Quarterly Journal of Austrian Economics' editorial board, and director of the publication "Procesos de mercado: Revista Europea de Economía Política".

Money, Bank Credit, and Economic Cycles

Booms and BustsMoney and BanksBusiness CyclesMoney and Banking

03/16/2006Books
The three years since the publication of the previous English edition of Money, Bank Credit, and Economic Cycles have seen a continuation of the economic recession process set in motion after the 2007 financial crisis. This process has consisted of the inevitable microeconomic readjustment and...
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All Works

Economic Thought in Ancient Greece

Global EconomyWorld HistoryEntrepreneurshipOther Schools of Thought

10/03/2018Mises Daily Articles
The principal characteristic shared by Socrates, Plato, and Aristotle — the three greatest philosophers of ancient Greece — was their inability to grasp the essential principles of the spontaneous market order and its dynamic process of social cooperation.
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Why No Crisis Erupts When Real Saving Backs Up New Investment

Money and BanksMoney and Banking

Blog09/24/2018

Expansions in credit and investment are only a problem when they result from inflationary monetary policy, and not from real saving.

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Credit Expansion Squanders Capital

Money and BanksMoney and Banking

Blog09/15/2018

As the credit expansion turns to bust, many capital goods remain unused, many investment processes cannot be completed, and capital goods produced are used in a manner not originally foreseen. A large portion of society’s scarce resources has been squandered.

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Artificial Booms and the Theory of "Forced Saving"

Money and BanksMoney and Banking

Blog09/07/2018

It is impossible to force the economic development of society by artificially encouraging investment and initially financing it with credit expansion.  This policy can only have benefits if economic actors also elect to begin saving more at the same time.

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The Problem with Historical Illustrations of Free-Banking Systems

Money and BanksMoney and Banking

Blog08/16/2018

 Historical experience does not appear to support the thesis of modern fractional-reserve free-banking theorists.

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