Monetary Theory

Eighty years ago, Mises’s The Theory of Money and Credit first appeared in English.

Eighty years ago, Mises's The Theory of Money and Credit first appeared in English. It remains one of the most important books on money and inflation penned in the twentieth century, and it still offers the clearest analysis and understanding of booms and busts, inflations and depressions.

Dr.

Contrary to what is commonly assumed, Austrian economics and Austrians scholars themselves are not necessarily in favor of gold-based monetary syst

Just when the current “discussion” on economics by public intellectuals like Paul Krugman hits bottom,

Reading the news, one could be forgiven for coming to the conclusion that virtually all economists work for the government or the Fed, and that few

Robert Murphy explains why people trade goods, and the role of money.

Efficient banks have many options for lenders and credit when banking crises hit. It's the inefficient and insolvent banks that must turn to a central bank. But do we really want central banks that reward insolvency and encourage inefficiency? 

One of the more important monetary theorists of the mid to late 1900s, Leland Yeager, Ludwig von Mises Professor of Economics, Emeritus, at Auburn

In their new book Money, Steve Forbes and Elizabeth Ames write with insight about the dangers of inflation and easy money, but ultimately, they fail to follow through on their analysis and instead make peace with monetary expansionism.