Introductions

Published Sat, Sep 29 2007 2:30 PM
Welcome to my blog here on mises.com, I'm Thomas James and I'm hoping to discuss the merger of Austrian Economics with Personal Finance; sharing both services and hints I find useful and, hopefully, to fuel discussion on how to best deal with finances from an Austrian perspective. Obviously, this won't at the core be about stock picking; but subjects for discussion I am considering include items such as this: given the business cycle and fractional reserve banking should an Austrian attempt to minimize their cash balances that are in basic banking accounts and if so, where should they store such balances (gold has high transaction costs to exchange for the currency, for example) Hopefully this will be a productive task both from a personal and academic perspective, I look forward to talking with any readers who find the material and questions as interesting as I do.

Comments

# nick said on Sunday, September 30, 2007 1:16 AM

i was looking just for such a tutorial to assist my entrepreneurial self-employed activities!  I am inspired and excited by mises' insight, and want to take care in practical inquiry regarding accounting and finance so as to maintain austrian ethics.  I couldn't find material for such an endeavour; shall i keep listening, or are there any books or articles for starters?  Thanks

# ThomasJames said on Sunday, September 30, 2007 3:24 PM

Nick,

To the best of my knowledge there hasn't been any singular work that focuses on this topic. For the most part this is valid, because too often trying to cross the two results in questions such as "What stock sector will be hot next", and Austrian economics contends (to my understanding) that figuring that out is an answer beyond the field of econ.

The only cross I know of might be Bill Bonner's books, which do attempt to take in extra information and make such guesses, but I'm more interested in longer term, more general solutions than his work (which is generally speculative 'get rich' work when forward looking, or a historical look back at what has happend, often intertwined).

Look forward to your thoughts, feel free to let me know if there's any more specific topics you'd like covered

# ryankaizen said on Monday, July 28, 2008 6:17 AM

Thanks for discussing this topic as i in search of this topic from a long time.

Ryan

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