Faustino Ballvé (1887-1959)
Free markets are the best guarantee of freedom period!
Who is Faustino Ballvé? An interesting economic thinker! He was educated in the 30's in Spain and England, returning to Mexico City to practice law.
He was invited to, and attended, a seminar offered by an Austrian economist named Ludwig von Mises. So impressed by the information in that seminar he began a correspondence with Dr. von Mises. In those correspondences he compared what he had been taught in school with what von Mises was preaching.
WHAT HE HAD BEEN TAUGHT DID NOT JIBE WITH AUSTRIAN ECONOMICS! Surprise, surprise, surprise.
His life was changed. He says this "sparked a new energy" in him. So what did he do? He wrote a book, an economics text book, published in 1956. It had a massive impact on Latin American economic policies. It is only 129 pages and 10 chapters. This is what it covers:
What is Economics About?
The Market
The Role of the Entrepreneur
Capital, Labor, and Wages
Money and Credit
Monopoly, Crises, and Unemployment
International Trade
Nationalism and Socialism
The Controlled Economy
What Economics Is Not About
Translated into English in 1965, it is exceptionally readable and understandable. I HIGHLY RECOMMEND IT!
It's thesis? Free markets are the best guarantee of freedom... period!
No comments:
Post a Comment