The Austrian Theory of Free Monetary Institutions
Author : Martti Vihanto
Publisher :
Page : 142 pages
File Size : 25,98 MB
Release : 1988
Category : Austrian school of economics
ISBN :
Author : Martti Vihanto
Publisher :
Page : 142 pages
File Size : 25,98 MB
Release : 1988
Category : Austrian school of economics
ISBN :
Author : Annette Godart-van der Kroon
Publisher : Springer
Page : 282 pages
File Size : 37,65 MB
Release : 2018-07-23
Category : Business & Economics
ISBN : 3319758179
This book discusses contemporary banking and monetary policy issues from the perspective of the Austrian School of Economics. Based on the heritage of the Austrian school, leading scholars and practitioners offer a coherent diagnosis and analysis of the factors leading to Europe’s current financial crisis. The first part of the book discusses Ludwig von Mises’s and Friedrich August von Hayek’s ideas on banking and monetary policy from both historical and economic standpoints. It includes contributions on Austrian monetary dynamics and micro-foundational business cycle theory, von Mises’s concepts of liquidity and solvency of fractional-reserve banks, and liberalism of Austrian economics. The second part analyzes the measures taken by the European Central Bank (ECB) in light of the ideas of von Mises and Hayek. It includes contributions on non-neutrality of money, ECB monetary policy, and the future of the ECB. The third and final part presents discussions on monetary reforms, including contributions on Bitcoins, Cryptocurrencies and anti-deflationist Paranoia.
Author : George A. Selgin
Publisher : Rowman & Littlefield Publishers
Page : 240 pages
File Size : 26,90 MB
Release : 1988
Category : Business & Economics
ISBN :
To find more information about Rowman and Littlefield titles, please visit www.rowmanlittlefield.com.
Author : Leonidas Zelmanovitz
Publisher : Lexington Books
Page : 471 pages
File Size : 22,4 MB
Release : 2015-12-24
Category : Business & Economics
ISBN : 0739195123
The central thesis of the book is that in order to evaluate monetary policy, one should have a clear idea about the characteristics and functions of money as it evolved and in its current form. That is to say that without an understanding about how money evolved as a social institution, what it is today, and what is possible to know about monetary phenomena, it is not possible to develop a meaningful ethics for money; or, to put it differently, to find what kind of institutional arrangements may be deemed good money for the kind of society we are in. And without that, one faces severe limitations in offering a normative position about monetary policy. The project is, consequently, an interdisciplinary one. Its main thread is an inquiry of moral philosophy and its foundations, as applied to money, in order to create tools to evaluate public policy in regard to money, banking, and public finance; and the views of different schools on those topics are discussed. The book is organized in parts on metaphysics, epistemology, ethics and politics of money to facilitate the presentation of all the subjects discussed to an educated readership (and not necessarily just one with a background in economics).
Author : Jesús Huerta de Soto
Publisher : Ludwig von Mises Institute
Page : 938 pages
File Size : 32,93 MB
Release : 2006
Category : Banks and banking
ISBN : 1610163885
Author : Thomas Mayer
Publisher : Routledge
Page : 298 pages
File Size : 42,23 MB
Release : 2017-11-10
Category : Business & Economics
ISBN : 135168552X
The financial crisis has exposed severe shortcomings in mainstream monetary economics and modern finance. It is surprising that these shortcomings have not led to a wider debate about the need to overhaul these theories. Instead, mainstream economists have closed ranks to defend existing theories and public authorities have expanded their interference in markets. This book investigates the problems associated with mainstream monetary economics and finance, and proposes alternatives based on the Austrian school of economics. This school emanated from the work of the nineteenth-century Austrian economist Carl Menger and was developed further by Eugen von Böhm-Bawerk, Ludwig von Mises, and Friedrich August von Hayek. In monetary economics, the Austrian school regards the creation of money by banks through credit extension as a key source of economic instability. From this follows the need for a comprehensive reform of our present monetary system. In a new monetary order, money could be issued by both public and private institutions, and there would be no need for fractional reserve banking. Instead of creating money, banks would intermediate it. In finance, the Austrian school rejects the notion of rational expectations and measurable risk. Individuals use their subjective knowledge to gather and evaluate information, and they act in a world of radical uncertainty. Hence, markets are not "efficient" nor can portfolios be built on the basis of known probability distributions of asset prices as described in the modern finance literature. This book explores the need for a new theoretical foundation for asset pricing and investment management that will give practitioners more useful orientation.
Author : Llewellyn H. Rockwell
Publisher : Ludwig von Mises Institute
Page : 165 pages
File Size : 34,89 MB
Release : 1992
Category : Gold standard
ISBN : 0945466110
Author : Ludwig Von Mises
Publisher :
Page : 908 pages
File Size : 37,51 MB
Release : 2021-10-08
Category :
ISBN : 9781684226061
2021 Hardcover Reprint of the 1949 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. "Human Action: A Treatise on Economics" is the first comprehensive treatise on economics written by a leading member of the modern Austrian school of economics. Von Mises' contribution was very simple, yet at the same time extremely profound: he pointed out that the whole economy is the result of what individuals do. Individuals act, choose, cooperate, compete, and trade with one another. In this way Mises explained how complex market phenomena develop. Mises did not simply describe economic phenomena - prices, wages, interest rates, money, monopoly and even the trade cycle - he explained them as the outcomes of countless conscious, purposeful actions, choices, and preferences of individuals, each of whom was trying as best as he or she could under the circumstances to attain various wants and ends and to avoid undesired consequences. Hence the title Mises chose for his economic treatise, "Human Action."
Author : Ludwig Van den Hauwe
Publisher : BoD – Books on Demand
Page : 188 pages
File Size : 22,27 MB
Release : 2009
Category : Monetary policy
ISBN : 2810602212
Recent events in international financial markets have revived the scientific interest in conceivable institutional alternatives to prevailing monetary arrangements. In the essays reprinted in this book, the author critically examines some of the more influential arguments which have been made in favour of decentralization in banking.
Author : Steven Horwitz
Publisher : Cato Institute
Page : 167 pages
File Size : 30,33 MB
Release : 2020-07-14
Category : Business & Economics
ISBN : 1948647966
What if economics began with people? Choice is an essential feature of the human condition. Every time we embark on a given plan of action, big or small, we make a choice. Whereas many economists model people’s behavior using idealized assumptions, economists of the Austrian School don’t. The Austrian School of Economics takes people as they are and constructs economic theories by examining the logical structure of the choices they make. Austrian Economics: An Introduction book explains the Austrian School’s insights on a wide range of economic topics and introduces some of its key thinkers. It also explains the relationship between the Austrian School and mainstream economics and delves into the criticisms that Austrian School economists have mounted against communist and socialist economic thought.