Hayek, Business Cycles, and Fractional Reserve Banking: Continuing the De-Homogenization Process
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The literature on free banking has sharply altered its focus in the last two decades.
From The Review of Austrian Economics Vol. 9, No. 2 1996.
From The Review of Austrian Economics Vol. 2, 1988.
Decisively refuted by the facts of economic life, Marxism has been forced to retreat to the one place in the academy where empirical reality seems to carry no weight in an argument: the humanities departments.
Yuri Kuznetsov suggests a scenario by which fiat money comes about, a scenario which may be useful for understanding some events in recent Russian history.
From The Review of Austrian Economics Vol. 8, No. 2, 1995.
The Gold Standard: Perspectives in the Austrian School. Edited with an Introduction by Llewellyn H. Rockwell, Jr.
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In re-evaluating the main elements of Mises's monetary theory, one thing especially stands out. Mises took great pains to establish his theory of money on the bedrock of value and price theory.