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The Supply-Side Gold Standard: A Critique

Mises DailyJune 25, 2002
The present unstable financial system cannot be fixed by means of a monetary policy that targets the price of gold, argues Frank Shostak. This framework, favored by supply-siders, is likely to further destabilize the economy. What is needed is not a reversion to the bankrupt Bretton Woods system,...

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Prices and Consumption

Audio/VideoAugust 21, 2008
Rothbard's approach to money prices is not as a barter exchange system. Instead, he made money prices the common denominator for all exchange ratios. You can now engage in economic calculation...

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Money: Its Connection with Rising and Falling Prices

BooksJanuary 27, 2010
Many economic principles can be dealt with best in the first place on the assumption that when a change is observed in the price of a particular commodity or service it means a change of value peculiar to that one kind of commodity or service, and is not merely a part of a general change in the...

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Theory of Money and Fiduciary Media

BooksMarch 13, 2013
Edited by Jörg Guido Hülsmann, the essays here presented provide insights for understanding the economic crises of our own time.

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A Rite of Spring

Mises DailyApril 1, 2004
William Anderson examines the common myths of the gas price increase, and then turns to the question of why prices are as high as they are.

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Market Theory and the Price System

BooksFebruary 9, 2007
Israel Kirzner's outstanding book on price theory.

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Prices and Production

BooksJuly 20, 2005
These seven works taken together constitute the essential core of Austrian macroeconomics.

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Foundations of the Market Price System

BooksApril 19, 2007
Murray Rothbard just loved this Austrian text on microeconomic theory.

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Interest and Prices

BooksMarch 30, 2007
It was this work by Swedish economist Wicksell that drew Mises's attention to the effects of interest rate manipulation on the capital structure.

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An Outline of International Price Theory

BooksJanuary 31, 2007
Wu looks at the history of economic thought as a way to explain what was happening in 1930s China and why.

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Less than Zero: The Case for a Falling Price Level in a Growing Economy

BooksMarch 16, 2010
Zero inflation's full benefits will not be grasped unless we recognize it as a stepping-stone towards something even better...

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Forty Centuries of Wage and Price Controls: How Not to Fight Inflation

BooksFebruary 14, 2009
This outstanding history illustrates the utter futility of fighting the market process through legislation. It always uses despotic measures to yield socially catastrophic results.

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The Theory of Prices: A Re-Examination of the Central Problems of Monetary Theory, Vol. I

BooksSeptember 3, 2009
There can be little doubt, however, that a principal reason why something less than the maximum use is made of tools lying ready to our hand is that many of those who should be using them refrain from doing so only because they are not aware of the fact that the nature of these tools has been...

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The Theory of Prices: A Re-Examination of the Central Problems of Monetary Theory, Vol. II

BooksSeptember 3, 2009
From the author: In the first volume of this work, I set myself the task of welding into a single, unified organon the disparate, and often apparently contradictory, analytical approaches to certain "central problems of monetary theory." In the present volume, I have set myself the task...

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The Value of Money

BooksJune 11, 2009
Originally it was only the fluctuations to which prices in general were subjected that attracted attention. From the question why the level of prices is sometimes higher, sometimes lower, the problem has developed only in very recent times to the question, why for a definite sum of money it is...

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Our Money and the State

BooksAugust 25, 2009
Why does the Government take our money? Because government costs money and cannot be had without it. Taxation is the price that we pay for government and protection. Most of us do not want, or need, to be governed ourselves.

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"Time and Money: The Universals of Macroeconomic Theorizing"

BooksJuly 20, 2005
Professor Roger Garrison is a leader in the field of Austrian macroeconomics, and has had a burning passion for his whole career to present Austrian business cycle theory in terms that mainstream economists can understand and identify. This book represents the culmination of his efforts in that...

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Deflation and Liberty

BooksOctober 17, 2008
This monograph addresses a critically important issue: the prevailing view that deflation (falling prices and/or falling money stock) is a catastrophe that must be stopped.

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