Jesús Huerta de Soto
professor of political economy and author
Jesús Huerta de Soto Ballester (Born Madrid, 1956) is a Spanish economist of the Austrian School. He is a professor in the Department of Applied Economics at King Juan Carlos University of Madrid, Spain and a Senior Fellow at the Ludwig von Mises Institute.
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Quotes edit
- 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. In fact Menger felt it vital to abandon the sterile objectivism of the classical (Anglo-Saxon) school whose members were obsessed with the supposed existence of external objective entities (social classes, aggregates, material factors of production, etc.). Menger held that economists should instead always adopt the subjectivist view of human beings who act, and that this perspective should invariably exert a decisive influence on the way all economic theories are formulated, in terms of their scientific content and their practical conclusions and results.
- Jesús Huerta de Soto (2006), Money, Bank Credit, and Economic Cycles, p. 267, Note 3,
Quotes about edit
- On the social front, we have a country where half of the population is poor, with a completely torn social fabric. More than 20 million Argentines cannot live in dignity because they are prisoners of a system that only generates more poverty. As the great Jesús Huerta de Soto says, anti-poverty plans generate more poverty. The only way out of poverty is more freedom.
- Javier Milei, Inaugural Address, 10 December 2023
