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History of the Austrian School of Economics

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Richard Michael Ebeling
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The case if made for a "new liberalism" that is not modern American liberalism of activist government, but builds upon and extends the premises and policies of classical liberalism. The author explains the ideas and successes of 18th and 19th century liberalism, the American experience of an open and liberal society that drew tens of millions of immigrants looking for a second chance in freedom, foundations of true liberalism in the freedom and dignity of the individual. The economics of the liberal society is explained, and detailed critique is offered of the modern collectivisms of political correctness and identity politics is from the perspective of liberal individualism based on moderation and tolerance.