Money and Banks

What defines a "good society" and how can we use finance to achieve it? Robert Shiller takes the former question as settled, and dedicates his new book Finance and the Good Society

This article presents two alternative interpretations of the role of banks in the monetary transmission process. The interpretation based on the work of Mises, Hayek, and Rothbard leads to the conclusion that central banking and monetary policy are "generators of the business cycle." The other interpretation presents a Keynesian theory minus the liquidity preference theory of the rate of interest.

In the last twenty years, continual financial innovation has led to the increased use of MMMFs as a substitute for checkable deposits.  While many technical considerations suggest that it

Monetary competition, a result of the abolition of legal tender, would seriously curtail the politization of the euro. But is it possible to completely separate the euro from politics without returning 

That Hayek’s work on money, investment, and business cycle theory should be misunderstood and misrepresented poses nothing new. 

Austrian monetary inflation theory claims that changes in the money supply are disproportionately distributed throughout an economy, and as a result wealth inequality is exacerbated. 

The objective of this article is to present an extension of Garrison's captial-based macroeconomics" model. Garrison's objective was ― starting from a full employment equilibrium situation 

A basic principle of Austrian economics is that the originary rate of interest (the rate of discount of future goods compared to present, otherwise

Was Percy Shelley, the great English Romantic poet, a socialist?

In two by-elections in the spring of 1996, the Front National (FN), the party of the radical right in France, helped several candidates of the left