Thus begins a process of income redistributions in which the first to receive the monetary units benefit from the situation at the expense of all other economic agents, who find themselves purchasing goods and services at rising prices before any of the newly-created monetary units reach their pockets. Jun 16, Stephen rated it it was amazing.
No trivia or quizzes yet. Srich, there's been a discussion underway here for more than a month on this. Humans are pro-active. Douglas French: Hayek attended Mises's Privateseminar, be he didn't necessarily consider himself a student of Mises. Early Speculative Bubbles and Increases in the Supply.
This is one of the best books on any subject I've ever read. Completely lays out and modernizes the Austro-libertarian perspective on the legal foundations or lack thereof of fractional reserve banking, as well as the micro and macroeconomic implications of its implementation. This leads the reader into the clearest and most comprehensive exposition of the Austrian Business Cycle Theory availaible.
Next, the author gives insightful critiques of the major contradicting schools of econo This is one of the best books on any subject I've ever read.
Next, the author gives insightful critiques of the major contradicting schools of economic thought - the chicagoite monetarists and the Keynesians. I cannot recommend this book highly enough to anyone interested in banking, legal theory, economic theory, economic history, or modern macro issues. Dec 26, Hendrik Vermuyten rated it it was amazing. De Nederlandstalige versie "Geld, krediet en crisis" is zeer vlot geschreven. De auteur geeft een uitdagende alternatieve visie op de banksector. Het boek combineert juridische en economische theorie met historische voorbeelden die de theorie illustreren.
Mar 09, Mark rated it really liked it. In depth defense of the Austrian economics theory of banking and the business cycle focusing on the problems caused by artificial credit expansion, fiat currency, and fractional reserve banking. All other things being equal This was the most illuminating book on the subject of banking and the Austrian perspective. But it is no easy book, The author's most cited thinkers are Hayek, Mises and Rothbard and it would not be a bad idea to have read some works from all of them.
What differentiates this book from others on this subject is that is starts with a clear affirmation of legal issues. Modern banking and fractional reserve must be treated as a multi disciplinary issue between the stu All other things being equal Modern banking and fractional reserve must be treated as a multi disciplinary issue between the study of law and political economy.
Thus the modern practice of fractional reserve is a fraud that brings misery ans suffering to society Aug 17, Adamant rated it it was amazing. The chapters on Austrian economics are sublime and though I am not an adherent of his ideas I have an admiration for the author for doing his best at exposing Austrian economics in the way that Mises would approve.
and jamentephorep.ml It is by Condy Raguet (), a noted Pennsylvania politician and economist who worked as a merchant in several Latin American countries. He clearly distinguishes between sound and unsound. A Treatise on Currency and Banking (LvMI) - Kindle edition by Condy Raguet. Download it once and read it on your Kindle device, PC, phones or tablets.
This is the best book on ABCT period. Maybe because of that babbling buffoon Rothbard. Jun 13, Karl rated it it was amazing Shelves: Read for an independent study on Austrian business cycle theory. Good introduction to Austrian business cycle theory and various free-market perspectives on banking theory. The only thing I would change is to make the graphs color, and add more description. Strap yourself in and make a pot of coffee.
You're going to be here for a while, but it's worth it. This is, quite simply, the most comprehensive treatise on its titular subject matter I've read. Also includes very helpful critiques of the theories from other schools of economic thought the view on offer here is Austrian.
I'm tempted to take off a star for repetition, because the mutuum vs. What makes this book different, is Ludwig is a strict gold standard advocate. In the case of fiat money vs gold, Ludwig would argue, that with Fiat money, which loses its value, those savers will demand a higher rate of interest, or will simply spend more of their money on anything of value.
He also carries forth a very strong argument for a gold standard in the era of to This was when the farmers were losing their land to the strictness of the gold standard. All your great libertarian manifestos , books that discuss individual liberty , the non-aggression principle , laissez faire , objectivism , etc.
Anarchist traditions would be a great shortcut to find books specifically calling out anarchist principles. The name "anarchist traditions" is purposefully broad, because in addition to anarcho-capitalism and voluntaryism , there are books on anarcho-syndicalism , anarcho-communism or other forms of collectivist anarchism , as well as egoism and other schools of thought.
Practical liberty has a hodge-podge of awesome content, from the great anti-war and abolitionist books to theoretical treatises on private defense and private law ; from whistleblowing and WikiLeaks to other forms of activism and civil disobedience ; from secession to jury nullification and describing revolution and resistance.
The topic of philosophy is closely associated, as many of the books tagged to the philosophy of freedom contain deep philosophical arguments from ethics and epistemology to political theory and religion.
A wide variety of ideologies are represented and critiqued within the pages of the books linked here, covering the full political spectrum: whether it is Fascism versus Communism ; Neoconservatism versus Progressivism or Liberalism ; Nationalism and Nazism versus International Socialism and everything in between. A note from the curator: You may see throughout the site banners promoting Liberty Classroom. As a very satisfied Master Member, I cannot recommend enough the courses within Liberty Classroom, all of which are imbued with the philosophy of freedom, including How Freedom Settled the West and History of Conservatism and Libertarianism.
In full disclosure, Books of Liberty will get a small advertising fee for purchases made through our link. Are we missing content? Book Club members' rating. Add to wish list. Add to my library. Summary A path-breaking essay by Hayek, newly in print in cooperation with the Institute of Economic Affairs, this piece first appeared in , during an inflationary bout in the U. Show Full Summary. Great Deals! However, you could read this and countless other books on a brand new Kindle E-reader for less than the price of a cup of coffee per week. Click here to choose your favorite Kindle E-reader. And the best thing is that most Books of Liberty eBooks are actually available through Kindle Unlimited.
Join Amazon Kindle Unlimited Day Free Trial to read from over 1 million ebooks and listen to thousands of audiobooks, all for one fixed, low price. Read or listen for free The Mises Institute. Fiat money. Freedom to choose. Gold standard.
Monetary theory. People and groups. Philosophy of freedom. Precious metals.
Sound money. Ivor F. Pearce Harold B. Rose Douglas Jay Keith Joseph. Mises wrote it as a warning against central banking, predicting that this institution would produce more instability than ever before — plus inflation, debt, and deep danger to the pillars of prosperity. In this new guide, Robert Murphy takes the reader through Mises's book one chapter at a time. He provides summaries, points for discussion, and study questions, and he assesses the book in light of modern history.
Most of all, Mises's book teaches the theory of money, and with Professor Murphy's guide, you will understand where money comes from, what it does, how it is managed in a market, and what government does to destroy it. Most people agree that this was not only a great book but perhaps the greatest monetary treatise ever written. The original book can, however, be intimidating and even scary.