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Austrian Economics, Money and Finance (Banking, Money and International Finance) by Thomas Mayer is a nonfiction available to read on EtoBox.

What is Austrian Economics, Money and Finance (Banking, Money and International Finance) about?

The financial crisis has exposed severe shortcomings in mainstream monetary economics and modern finance. It is surprising that these shortcomings have not led to a wider debate about the need to overhaul these theories. Instead, mainstream economists have closed ranks to defend existing theories and public authorities have expanded their interference in markets. This book investigates the problems associated with mainstream monetary economics and finance, and proposes alternatives based on the Austrian school of economics. This school emanated from the work of the nineteenth-century Austrian economist Carl Menger and was developed further by Eugen von Böhm-Bawerk, Ludwig von Mises, and Friedrich August von Hayek. In monetary economics, the Austrian school regards the creation of money by banks through credit extension as a key source of economic instability. From this follows the need for a comprehensive reform of our present monetary system. In a new monetary order, money could be issued by both public and private institutions, and there would be no need for fractional reserve banking. Instead of creating money, banks would intermediate it. In finance, the Austrian school rejects

Who reads Austrian Economics, Money and Finance (Banking, Money and International Finance)?

Author

Thomas Mayer

Publisher

Taylor & Francis Group; Routledge

Published

2017

Language

EN

ISBN

9781351685511

Category

nonfiction

Subjects

Finance, Business, Economics