Profiles

Home | Profile | Frank Shostak
  • shostak_Frank2013.jpg

Frank Shostak

Tags Booms and BustsFinancial MarketsMoney and BanksBusiness CyclesCapital and Interest TheoryMoney and Banking

Works Published inQuarterly Journal of Austrian EconomicsAustrian Economics NewsletterMises Daily Article

Frank Shostak is an Associated Scholar of the Mises Institute. His consulting firm, Applied Austrian School Economics, provides in-depth assessments and reports of financial markets and global economies. He received his bachelor's degree from Hebrew University, master's degree from Witwatersrand University and PhD from Rands Afrikaanse University, and has taught at the University of Pretoria and the Graduate Business School at Witwatersrand University.

All Works

Economic Growth Isn't the Cause of Inflation

The FedMoney and Banking

Blog06/30/2018

A fall in prices is the manifestation of real wealth expansion. General price inflation, on the other hand, results from monetary pumping. 

Read More

Problems with Mainstream Theories of Supply and Demand

Value and Exchange

Blog06/28/2018

Despite its great appeal because of its simplicity, the supply-demand graphic as employed by mainstream economics is a tool that is detached from the facts of reality.

Read More

Why Central Bankers Think They're Doing Good for the Economy

Money and BanksMoney and Banking

Blog06/22/2018

The only reason why the illusion that central authorities can grow an economy appears to be real is because of a still expanding pool of real savings.

Read More

Subjective Value Is not Arbitrary Value

SubjectivismValue and Exchange

Blog06/16/2018

The prices of goods are not set mechanically by some kind of supply-demand curves but by the goal-seeking choices of individuals.

Read More

How the Fed Enables Money Creation

Money and BanksMoney and Banking

Blog06/11/2018

It's true that the Fed doesn't directly set a target for money creation. But by setting interest-rate targets, the Fed adopts a de facto policy of money creation. 

Read More
Shield icon audience