Review of Austrian Economics

Murray N. Rothbard Breaking Out of the Walrasian Box: The Cases of Schumpeter and Hansen Adobe Acrobat 6.0 Paper Capture Plug-in

Richard H. Timberlake A Critique of Monetarist and Austrian Doctrines on the Utility and Value of Money Adobe Acrobat 6.0 Paper Capture Plug-in

As is known, Murray N.

From The Review of Austrian Economics Vol. 6, No. 1, 1992.

Mark Skousen Saving the Depression: A New Look at World War II Adobe Acrobat 6.0 Paper Capture Plug-in

One of the great glories of mankind is that, in contrast to other species, each individual is unique, and hence irreplaceable; whatever the similarities and common attributes among men, it is their differences that lead us to honor, or celebrate, or deplore the qualities or actions of any particular person.

Review of Austrian Economics, Volume 9, Number 2

Unknown PrecisionScan Adobe Acrobat 6.0 Paper Capture Plug-in

We are all familiar with the process of discounting the future.
From the earliest courses in economics we are taught that
money receivable right now is not the equivalent of money
receivable one year hence; that money receivable one year from now
is not equivalent to money which will fall in to our clutches after a
period of two years. And not just because inflation may erode part of
the value, or because of the risk of never seeing the money. Even in
a perfectly certain world of no inflation, where all accounts receivable
were fully guaranteed, we would still value money more, the sooner
we were to receive it.

The literature on free banking has sharply altered its focus in the last two decades.