AwardsDouglas E. French Prize at Mises UniversityO.P. Alford III Prize in Political Economy
David Howden is Chair of the Department of Business and Economics and professor of economics at St. Louis University's Madrid Campus, and Academic Vice President of the Ludwig von Mises Institute of Canada.
03/22/2016Quarterly Journal of Austrian EconomicsDavid Howden
The reader should trudge his way through this book for two reasons. First is the explanation for why the purchasing power of money must be defined in terms of consumers’ goods prices, not capital goods. Second, and more importantly, Braun resurrects the subsistence fund doctrine, an integral...