Review of Against Leviathan: Government Power and a Free Society, by Robert Higgs

Volume 9, No. 2 (Summer 2006)

Against Leviathan would be an excellent companion reader for any economics class that deals with policy, and especially a class on regulation and the relationship between government and business. Indeed, any student or faculty member who has an interest in economics would benefit from reading this book that artfully and skillfully explodes the various myths of why government really is good for us.

A Simple Model of the Theory of Money Prices

Volume 9, No. 4 (Winter 2006)

Ludwig von Mises (1981; 1998) is generally and properly credited by contemporary Austrians with having reintegrated monetary theory with general economic theory from which it had been severed by the neoclassical quantity theory. However, broader recognition of Mises’s contribution in merging monetary and value theory has been hindered by certain deficiencies in the  organization of his exposition and the absence of a straight forward heuristic for conveying his achievement.

What Austrian Economics Can Teach Historians

Volume 11, No. 3 (2008)

Abstract: Austrian economics is a valuable resource for historians. Scholars informed by Austrian insights can make better sense of historical phenomena, and can provide far better insight into economics history, than those who lack this background. It is impossible to understand events such as the Great Depression with the assistance of no theory at all, so it is essential that the historian adopt the correct one.

From Monetary Nationalism to Monetary Imperialism: Fractional Reserve Banking and Inter-Government Cooperation

Volume 16, No. 2 (Summer 2013)

 

This article has a twofold purpose. Its first goal is to pay tribute to Friedrich von Hayek as an outstanding monetary theorist. Its second objective is to further elaborate, on the ground of Hayek’s main findings, the deficiencies of the contemporary monetary order, namely by presenting the phenomenon of monetary imperialism. Against this background, the article also contains a re-interpretation of present-day monetary institutions and a critique of internationally sponsored economic stabilization policies.

Separation of Commercial and Investment Banking: The Morgans vs. The Rockefellers

Volume 1, No. 1 (Spring 1998)

The Banking Act of 1933, sometimes referred to as the Glass-Steagall Act, separated commercial and investment banking, instituted Federal deposit insurance, prohibited interest payments on demand deposits, and reorganized the Federal Reserve. The Glass-Steagall Act is typically explained as a public-interest measure designed to rectify persistent problems in the banking system, and to combat the immediate banking crisis.