Money, Bank Credit, and Economic Cycles

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Название: Money, Bank Credit, and Economic Cycles

Издательство: Ludwig von Mises Institute

Автор: Jesus Huerta de Soto

Год: 2009

Количество страниц: 885

Формат: PDF

Размер: 3 mb

Язык: English

Such a book as this comes along only once every several generations: a complete comprehensive treatise on economic theory. It is sweeping, revolutionary, and devastating--not only the most extended elucidation of Austrian business cycle theory to ever appear in print but also a decisive vindication of the Misesian-Rothbardian perspective on money, banking, and the law.

Its five main contributions:

* a wholesale reconstruction of the legal framework for money and banking, from the ancient world to modern times,

* an application of law-and-economics logic to banking that links microeconomic analysis to macroeconomic phenomena,

* a comprehensive critique of fractional-reserve banking from the point of view of history, theory, and policy,

* an application of the Austrian critique of socialism to central banking,

* the most comprehensive look at banking enterprise from the point of view of market-based entrepreneurship.