Monetary Theory
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New Research in Austrian Economics
Research is not just the way we add to the body of knowledge left by previous generations, but is also an effective means of engaging and challenging the ideas of mainstream economics.
Peter St. Onge: “Moneyness” in a Digital Age
Jeff Deist and Peter St. Onge discuss some of the fundamental questions about money in this electronic age.
Is Regime Uncertainty Abating?
The most recent job report appears, on the surface, encouraging news for the U. S. economy.
3.5. The Augmentation and Diminution of the Denomination of Money
Raising and lowering the nominal value of money are methods by which the prince acquires resources by deceiving individuals about the value of money.
3.4. The Variations in the Proportion of Values with Regard to the Metals Used as Money
The price of gold and silver and the ratio between them is determined by markets and is also based on their usefulness, cost of production, and transportation costs.
2.8. Further Reflections on the Increase and Decrease of Money in a State
Increases in the supply of money from a balance of trade eventually causes prices to rise.
2.6. The Increase and Decrease of the Quantity of Money in a State
Cantillon uses his price-specie flow mechanism to analyze some of the effects of inflation.
1.16. The more Labor there is in a State, the more the State is Judged Naturally Rich
The wealth of a nation depends on putting the labor force to work.
1.5. Cities
Property owners who live far from their lands experience a reduction in income proportional to the cost of transporting their production to market.
