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Nikolay Gertchev

Works Published inThe Journal of Libertarian StudiesQuarterly Journal of Austrian EconomicsSpeeches and PresentationsMises Daily ArticleLibertarian Papers

AwardsLawrence W. Fertig Prize in Austrian Economics

Nikolay Gertchev holds a Ph.D. in economics from the University of Paris 2 Panthéon-Assas and currently lives in Belgium, where he works for an international organization.

All Works

Where the Classical Economists Went Wrong

Money and BanksMonetary TheoryOther Schools of ThoughtValue and Exchange

02/05/2003Mises Daily Articles
The classical economists were opponents of paper money. And yet in their positive case for commodity money, they made two great errors: believing that an additional supply of notes on the market confers some social benefit and believing that money's value needs to be stable in order to meet the...
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The Classical Economists on Gold

Gold StandardMonetary TheoryOther Schools of Thought

01/27/2003Mises Daily Articles
With the dollar down and gold up, both trends obviously related to growing fear of economic troubles ahead, the question again arises: why shouldn't the dollar itself be good as gold? It would be if the views of the classical-liberal tradition held sway. This tradition stands solidly behind a...
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Review of Deflation: Current and Historical Perspectives by Richard C.K. Burdekin and Pierre L. Siklos, eds.

Money and BanksMoney and Banking

07/30/2014Quarterly Journal of Austrian Economics
The book Deflation: Current and Historical Perspectives , dedicated to the history and economics of the phenomenon of falling prices, is composed of 11 contributions by 20 economists


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A Critique of Adaptive and Rational Expectations

Financial MarketsPhilosophy and Methodology

07/30/2014Quarterly Journal of Austrian Economics
In contemporary economic theory, and especially in macroeconomics, expectations are being given a central place. There is virtually no economic model that does not examine how, within a dynamic perspective,


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