Money and Banking
Displaying 1671 - 1680 of 2003
Is There a Glut of Saving?
Can there be such thing as too much saving? Frank Shostak says this is like asking if can we have too much real wealth.
9. Monopoly and Anti-Trust, Monopsony
The Austrians view is that monopoly came about as privilege, usually granted by royalty, given to a particular person or industry. This process is arbitrary and capricious. Free entry is required in capitalism. There cannot be restrictions on entry, as with doctors.
Price, quantity, profit, and deadweight loss are four criticisms of monopolies.
How is Fiat Money Possible? or, The Devolution of Money and Credit
From The Review of Austrian Economics Vol. 7, No. 2, 1994.
Deflation: When Austrians Become Interventionists
This paper examines what Austrian economists think about deflation and offers a critique of their views. This seems to be of particular importance because Austrians differ in their opinions about deflation,
The Function of Saving
Annals of the American Academy of Political and Social Science, Volume 17 (1901)
