What the author objects to is assertions about morality linked to misconceptions and word games concerning money and its functions, property, and titles. Modern money does not consist and does not pretend to consist of commodities.
07/30/2014Quarterly Journal of Austrian EconomicsSteven Yates
hy is logic, usually thought of as a branch of philosophy, important to Austrian scholars, most of whom are economists and not philosophers? The aim of this paper is to sketch a number of reasons and draw some conclusions.
07/30/2014Quarterly Journal of Austrian EconomicsAndrew Young
Roger Garrison (2001) provides a welcome diagrammatic exposition of Austrian, capital-based macroeconomics. The exposition attempts to account not only for Austrian business cycles (ABCs), but also for long-run, secular growth.