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- Search found 8 items for:
- Gold Standard
- Monetary Theory
- Joseph T. Salerno
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2015.
Mises Daily
Author:
Joseph T. Salerno
Online Publish Date:
According to mainstream economics textbooks, one of the primary functions of money is to measure the value of goods and services exchanged on the market. A typical statement of this view is given by Frederic Mishkin in his textbook on money and banking. “[M]oney ... is used to measure value in the economy,” he claims. “We measure the value of
Mises Daily
Author:
Joseph T. Salerno
Online Publish Date:
The historical embodiment of monetary freedom is the gold standard. The era of its greatest flourishing was not coincidentally the 19th century, the century in which classical liberal ideology reigned, a century of unprecedented material progress and peaceful relations between nations. Unfortunately, the monetary freedom represented by the gold
Mises Daily
Author:
Joseph T. Salerno
Online Publish Date:
Leland Yeager offers an illuminating discussion of a serious problem that has historically plagued monetary theory and continues to do so to this day: the failure to clearly distinguish between the individual and the overall viewpoints when analyzing monetary phenomena. I wish to emphasize particularly Yeager’s insight that the source of this
Mises Wire
Author:
Joseph T. Salerno
Online Publish Date:
This issue of the Quarterly Journal of Austrian Economics features articles that make important contributions to monetary theory and policy. Jeffrey Herbener and David Rapp draw out the implications of Mises’s theory of monetary calculation for the purchase or sale of business assets, particularly entire business firms. Hossein Askari and
Mises Daily
Author:
Joseph T. Salerno
Online Publish Date:
La encarnación histórica de la libertad monetaria es el patrón oro. La época de su mayor florecimiento no fue por casualidad el siglo XIX, el siglo en el que reinaba la ideología liberal clásica, un siglo de progreso material sin precedentes y de relaciones pacíficas entre las naciones. Desgraciadamente, la libertad monetaria representada por el
Mises Daily
Author:
Joseph T. Salerno
Online Publish Date:
Leland Yeager ofrece un esclarecedor debate sobre un grave problema que ha plagado históricamente la teoría monetaria y que sigue haciéndolo en la actualidad: la incapacidad de distinguir claramente entre el punto de vista individual y el global al analizar los fenómenos monetarios. Quiero destacar especialmente la idea de Yeager de que el origen