Review of Austrian Economics
Author:
Joseph T. Salerno
Online Publish Date:
cannot exist without monetary exchange and calculation. Mises’s work on monetary economics is not only ignored by the roiled mainstream of neo- and “new” Keynesians, parts of the book are unsatisfactory when considered as contributions to modern economic theory. Many of the essays have a strongly anachronistic flavor and do not broad concept of money. During the 1920s and into the 1930s, there was tremendous growth in the volume and economic significance of savings deposits both in the U.S.,