Money and Banking
Displaying 1681 - 1690 of 2011
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.
Arthur Marget in the Austrian Tradition of the Theory of Money
From The Review of Austrian Economics Vol. 8, No. 2, 1995.
The Austrian Theory of Money
With Mises's insights, no longer did the theory of money need to be separated from the general economic theory of individual action and utility, of supply, demand, and price
The Federal Reserve: Then and Now
Unknown PrecisionScan Adobe Acrobat 6.0 Paper Capture Plug-in
Ludwig von Mises’s Monetary Theory in Light of Modern Monetary Thought
In re-evaluating the main elements of Mises's monetary theory, one thing especially stands out. Mises took great pains to establish his theory of money on the bedrock of value and price theory.
Taking Money Back
This is reprinted with permission from The Freeman September and October 1995.
