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International economics, currency theory, trade, World Bank/IMF

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blueguitar322 posted on Thu, Jun 25 2009 12:14 PM

I'm relatively new to Austrian economics, but really enjoyed "Meltdown". I also read Krugman's "Return to Depression Economics" to provide an alternative view. I'm far less convinced of Krugman's overall Keynesianism, but he dedicates a much larger portion of time to international economics issues - currency fluctuations, trade theory, etc. "Meltdown" misses some of this focus, IMHO.

What books would you recommend for an Austrian perspective on Int'l Economics? Preferably not something written for Econ PhDs, but the average guy with a college degree and sharp critical thinking skills.

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There's quite an old book from 1939 that the Mises institue has on this kind of thing http://mises.org/books/internationalmonetary.pdf, In terms of recent works, I'm not sure how much has been done, but I think I remember hearing that Guido Hulsmann was looking to work with Jeffrey Herbener to produce some Austrian work on International economics in the future.

Also, I think Austrian works are different in the sense that they can be understood by the intelligent layman. I'm sure there are relevant sections in Man, Economy and State as well as Human Action.

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Answered (Not Verified) Erickk replied on Fri, Jun 26 2009 5:16 AM
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blueguitar322:

What books would you recommend for an Austrian perspective on Int'l Economics? Preferably not something written for Econ PhDs, but the average guy with a college degree and sharp critical thinking skills.

 

I find this book very helpful: Money, Method, and Market Process by Ludwig Von Mises, for it has a large proportion of the work explaining the machanism of International Trade and even Development Economics, as well as dismissing many seemingly powerful theories advocating interventionist and protectionist measures against free trade.

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This might be useful:

http://www.mises.org/books/Studies_in_the_Theory_of_International_Trade_Viner.pdf

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