Profiles

Home | Profile | Frank Shostak

Frank Shostak

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

Works Published inMises Daily ArticleQuarterly Journal of Austrian EconomicsAustrian Economics Newsletter

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, his master's degree from Witwatersrand University, and his PhD from Rands Afrikaanse University and has taught at the University of Pretoria and the Graduate Business School at Witwatersrand University.

All Works

Do People Accept Money Because Government Endorses It?

Central BanksInflationMonetary Policy

09/29/2022Mises Media
Why does money have value? Typical economists claim that money is valuable because the government declares it so. But that is impossible, given the true origins of money, which are best explained by Austrian economists.
Read More

Should the Fed Increase the Money Supply in Response to a Growing Economy?

The FedMonetary Policy

Blog09/26/2022

Standard economic theory states that as an economy grows, the money supply should grow with it. Appealing to the Austrian tradition, Frank Shostak shows that belief is mistaken.

Read More

Does Capitalism Itself Create Economic Instability or Is Central Banking the Culprit?

Booms and BustsCapitalismKeynes

09/25/2022Mises Media
Post-Keynesians believe that capitalism is internally unstable, leading to necessary intervention by the central bank. Austrians see that as backward reasoning, as policies by the central bank to create credit from nothing is the problem.
Read More

Do People Accept Money Because Government Endorses It?

Central BanksInflationMonetary Policy

Blog09/22/2022

Why does money have value? Typical economists claim that money is valuable because the government declares it so. But that is impossible, given the true origins of money, which are best explained by Austrian economists.

Read More

Does Capitalism Itself Create Economic Instability or Is Central Banking the Culprit?

Booms and BustsCapitalismKeynes

Blog09/20/2022

Post-Keynesians believe that capitalism is internally unstable, leading to necessary intervention by the central bank. Austrians see that as backward reasoning, as policies by the central bank to create credit from nothing is the problem

Read More