Quarterly Journal of Austrian Economics

Quarterly Journal of Austrian Economics 19, no. 1 (Spring 2016): 121–123

Dr. Howden (2015) has done me the honor of reviewing my recent book "Finance behind the Veil of Money" (Braun, 2014) in this journal. Many of the points he raises are very helpful to the potential reader. He is probably correct in stating that the book is not an easy read. Its origin as a doctoral thesis explains why no theoretical obstacles were avoided, even those that might be cumbersome for the general reader. When Dr. Howden takes issue with my analyses of the opportunity cost concept and the time preference theory of interest, he also touches points that are of interest to potential readers. In both cases, I elaborate on minority positions within the Austrian School—I follow Dr. Reisman on opportunity cost and Dr. Hülsmann on interest theory. I expected that my discussion of these topics would arouse opposition, or better, I had the desire that it would because, in my opinion, they are yet to be satisfactorily resolved.