Karl-Friedrich Israel

Tags Money and BanksMonetary TheoryMoney and Banking

AwardsDouglas E. French Prize at Mises University

Karl-Friedrich Israel holds a PhD in Economics from the University of Angers, France, where he also worked as a Lecturer from 2016 to 2018. He holds a MSc in Applied Statistics from Oxford University, UK, a MSc in Applied Mathematics form ENSAE ParisTech, France, as well as a BSc and MSc in Economics from Humboldt-University of Berlin, Germany. He is an organizing member of the Austrian Economics Meeting Europe and is a Mises Institute Research Fellow. He is currently working as a senior researcher at the Institute for Economic Policy at Leipzig University in Germany.

All Works

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The Income Effect Reconsidered

Prices

04/15/2019Quarterly Journal of Austrian EconomicsKarl-Friedrich Israel

There is a type of income effect in Austrian or causal-realist price theory, and the difference between neoclassical and Austrian microeconomics is smaller than has been portrayed, says Karl-Friedrich Israel.

Formats

The Income Effect Reconsidered.pdf

PDF (383.23 KB)

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Review of The Economic Theory of Costs: Foundations and New Directions

Calculation and KnowledgeCapital and Interest TheoryPricesValue and Exchange

02/13/2019Quarterly Journal of Austrian EconomicsKarl-Friedrich Israel

The Economic Theory of Costs contains valuable criticism of the standard neoclassical approach and some original ideas on how to develop causal-realist economics in the Mengerian tradition.

Formats

The Economic Theory of Costs.pdf

PDF (275.6 KB)

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The Euro Shows That a Fiat Money System Is More Expensive than We Thought

Blog01/22/2019Karl-Friedrich Israel

A traditional argument for unbacked fiat money was based on the idea it was less-costly to produce fiat money than gold or silver. This cost savings could then enrich society overall. But recent data suggests this isn't true.

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The ECB Creates Jobs for Central Bankers Instead of Safeguarding Financial Stability

Cronyism and CorporatismFinancial MarketsMoney and Banks

Blog12/18/2018Karl-Friedrich IsraelGunther Schnabl

Not surprisingly, policies adopted by central bankers often serve the interests of the central banks themselves.

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PayPal Censorship Is Not Limited to Online Provocateurs

Media and Culture

12/11/2018Power & MarketKarl-Friedrich Israel

There is a debate among libertarians about the business practices of big tech companies like PayPal, Google, Facebook and Twitter. Is it legitimate for these companies to block user profiles for political, ideological, personal or any other reasons?

The libertarian purist's answer is: "...

Profiles