5. Theory of Employment, Money, Interest, and the Capitalist Process: The Misesian Case Against Keynes
6. How is Fiat Money Possible?--or, The Devolution of Money and Credit
How is Fiat Money Possible?—or, The Devolution of Money and Credit
Fiat money is the term for a medium of exchange which is neither a commercial commodity, a consumer, a producer good, nor title to any such commodity. It is irredeemable paper money. In contrast, commodity money refers to a medium of exchange which is either a commercial commodity or a title thereto.
7. Against Fiduciary Media
8. Socialism: A Property or Knowledge Problem?
Part Two. Philosophy
9. On Praxeology and the Praxeological Foundation of Epistemology
10. Is Research Based on Causal Scientific Principles Possible in the Social Sciences?
Is Research Based on Causal Scientific Principles Possible in the Social Sciences?
I.
The use of mathematical and statistical techniques is becoming more and more widespread in the social sciences. It is becoming all the more important, therefore, to demonstrate by a detailed description of these techniques that there are reasons to doubt their applicability in the field of the social sciences.
11. From the Economics of Laissez Faire to the Ethics of Libertarianism
12. The Justice of Economic Efficiency
The Justice of Economic Efficiency
The central problem of political economy is how to organize society so as to promote the production of wealth. The central problem of political philosophy is how to arrange society so as to make it a just social order.
The first question regards matters of efficiency: What means are appropriate for achieving a specific result, in this case, wealth?
13. On the Ultimate Justification of the Ethics of Private Property
