Jesús Huerta de Soto
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".
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...