International Monetary Economics

Michael A. Heilperin

Michael Heilperin was a friend and colleague of Ludwig von Mises’s in Geneva, and his specialization was the international monetary system. He applied the Austrian theory of the business cycle along with his knowledge of the balance of payments to warn against the rise of monetary nationalism. He wrote against the monetarist idea of floating fiat currencies and in favor of an international gold standard, and said that the debate was really between monetary chaos and international monetary stability. This 1939 work remains a definitive study of the author’s times and our own.

 

International Monetary Economics by Michael Heilperin

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Meet the Author
Michael A. Heilperin

Michael Heilperin was born in 1909 in Warsaw, Poland. He was a friend and colleague of Ludwig von Mises’s in Geneva, and his specialization was the international monetary system. He applied the Austrian theory of the business cycle along with his knowledge of the balance of payments to warn against the rise of monetary nationalism. See his literature archive.

Mises Daily Michael A. Heilperin

Obviously the word [mercantilism] can only be used within strict limitations, but, alien as the conception of a national economy still was to the governments of the late fourteenth and early fifteenth centuries, it is plain from their conduct that they desired to protect the industry and commerce of their subjects against foreign competition, and even, here and there, to introduce new forms of activity into their countries.

View Michael A. Heilperin bio and works
References

New York: Longmans Green, 1939. Print on demand