Featuring essays on topics ranging from the pandemic to antideflationist paranoia and the crisis of classical liberalism, this volume explores the various ways in which socialism statism is the 'deadliest virus' which constantly endangers the spontaneous process of social cooperation. Drawing on the Austrian School of economics, the book includes writings on the monetary policy of the European Central Bank and the economics of pandemics, economic cycles, Japanization and deflation, the crisis of classical liberalism versus anarchocapitalism, market socialism and nationalism, and the relations between efficiency and ethics. This book will be of great interest to those engaged with the study of Austrian economics, economic methodology, the monetary policy of the European Central Bank, the economic theory of pandemics, the theory of banking and economic cycles, the theory of dynamic efficiency and the history of economic thought.

Jesús Huerta de Soto is Professor of Political Economy at the Rey Juan Carlos University in Madrid. Among his most prominent books are Money, Bank Credit and Economic Cycles, 4th ed. (2020); Socialism, Economic Calculation and Entrepreneurship (2010); The Austrian School: Market Order and Entrepreneurial Creativity (2008); and The Theory of Dynamic Efficiency (2009).