The Theory Of Money And Credit

Author: Ludwig von Mises
Publisher: Skyhorse Publishing, Inc.
ISBN: 1620871610
Size: 23.93 MB
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The masterful, game-changing treatise on monetary theory by one of the world s greatest economic...

The Theory Of Money And Credit

Author: Ludwig von Mises
Publisher: Skyhorse Publishing, Inc.
ISBN: 1626365229
Size: 52.70 MB
Format: PDF, Mobi
View: 2932
“It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.” – from The Theory of Money and Credit Originally published in 1912, Ludwig von Mises’s The Theory of Money and Credit remains today one of economic theory’s most influential and controversial treatises. Von Mises’s examination into monetary theory changed forever the world of economic thought when he successfully integrated “macroeconomics” into “microeconomics” —previously deemed an impossible task —as well as offering explanations into the origin, value and future of money. One hundred years later, von Mises and the Austrian school of economic theory are still fiercely debated by world economists in their search for the solution to America’s current financial crisis. His theorems continue to inspire politicians and market experts who aim to raise up the common man and reduce the financial power of governments. In a preface added in 1952, von Mises urges the people of the world to see economic truth: “The great inflations of our age are not acts of God. They are man-made or, to say it bluntly, government-made. They are the off-shoots of doctrines that ascribe to governments the magic power of creating wealth out of nothing and of making people happy by raising the ‘national income.’” “The best book on money ever written.” —Murray Rothbard, economist and historian “The greatest economist of the twentieth century.” —Sandeep Jaitly, economist

Ludwig Von Mises S The Theory Of Money And Credit

Author: Padraig Belton
Publisher: CRC Press
ISBN: 0429939949
Size: 61.29 MB
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Ludwig Von Mises’s 1912 contribution to the theory of monetary policy and the current prevailing consensus in modern economic liberalism, The Theory of Money and Credit, was a milestone achievement. The author’s familiarity with the historical literature on banking and credit allows him to present a coherent theoretical structure that links private exchange between individuals, business and banks to condition the markets affecting money and credit. Through its wider influence on liberal thinkers and politicians, the Theory of Money and Credit has become a classic reference for those seeking to understand the advance of economic liberalism since the 20th century.

The Theory Of Money And Financial Institutions

Author: Martin Shubik
Publisher: MIT Press
ISBN: 9780262693110
Size: 24.43 MB
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This first volume in a three-volume exposition of Shubik's vision of "mathematicalinstitutional economics" explores a one-period approach to economic exchange with money, debt, andbankruptcy.

Economic Theory Of Bank Credit

Author: L. Albert Hahn
Publisher: Oxford University Press, USA
ISBN: 0198723075
Size: 22.79 MB
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L. Albert Hahn published the first edition of the Economic Theory of Bank Credit in 1920 and a radically revised third edition in 1930. This is the first English translation makes of Hahn's classic text. The book is a detailed account of how banks can create money. When banks change their money creation activity then this can lead to changes in the overall economic performance (i.e. more or less is produced). This edition features a complete translationof the first edition, key elements of the third edition, and a new introduction by Professor Harald Hagemann.

Finance Constraints And The Theory Of Money

Author: S. C. Tsiang
Publisher: Academic Press
ISBN: 1483276082
Size: 45.50 MB
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Finance Constraints and the Theory of Money: Selected Papers gathers together the work of S. C. Tsiang, one of the most cogent critics of the Keynesian stock approach to money in all its forms and one of the foremost champions of the flow approach. Tsiang's papers focus on finance constraints and the theory of money, tackling topics such as the role of money in trade-balance stability and the monetary theoretic foundation of the modern monetary approach to the balance of payments, as well as the diffusion of reserves and the money supply multiplier. Comprised of 17 chapters, this volume begins by providing a background to the development of Tsiang's thinking on monetary theory and why he objected to the Keynesian stock equilibrium approach to money. The reader is then introduced to speculation and income stability; misconceptions in monetary theory and their influences on financial and banking practices; and liquidity preference in general equilibrium analysis. Subsequent chapters deal with the optimum supply of money; the total inadequacy of "Keynesian" balance of payments theory; and the rationale of the mean-standard deviation analysis, skewness preference, and the demand for money. This book will be a useful resource for practitioners interested in economic theory, econometrics, and mathematical economics.

A Market Theory Of Money

Author: John Hicks
Publisher: Oxford University Press on Demand
ISBN: 0198287240
Size: 75.70 MB
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John Hicks's writing on monetary economics spans over 50 years. This book draws together the common threads of his work in a single succinct statement of the basics of monetary theory. It also outlines a theory of competitive markets which can be linked to the monetary sector; neither standard classical or neo-classical value theory can , on its own, fill the gap between monetary and non-monetary economics. In reviewing his own work, Hicks explains the way in which economic theory has been adjusted to reflect developments in the real economy. He sees these changes, sometimes quite major, as the discovery of truths which have become more appropriate, rather than the the discovery of completely new truths.