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The New Austrian Society: An Evolution of Money, Banking, and Economic Exchange - Michael J. Hoffman by Michael J. Hoffman is a nonfiction available to read on EtoBox.

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Monetarianism is the natural evolution of Austrian monetary theory.A new paradigm in Austrian economics is necessary. After successfully predicting the financial crisis of 2008, the Austrian school of economics saw a resurgence not seen since the 1970s, only to be extinguished with false predictions and flawed perspectives. Meanwhile, Modern Monetary Theory and Market Monetarism have taken the field of economics by storm in the last decade, while socialist ideas have left a tremendous impact on the socio-political mainstream.The New Austrian Society provides a sociological commentary on the culture of the Austrian school today, focusing on the theories, methods, and “stories” of these once highly-regarded economists. In addition, it includes a technical analysis of its short-comings on money, bank credit, and economic cycles, as well as a satirical caricature of the famous Ludwig von Mises Institute. A new perspective on money’s evolution is proposed in contrast to the “sound money” view of Austrians like Murray Rothbard and his followers. The book contains the following:A new theory of money that emphasizes money’s evolution as a counterpart to Mises’s money regression theorem.How

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Author

Michael J. Hoffman

Published

2022

Language

EN

Category

nonfiction

Subjects

Social Science, Social Sciences, Social_sciences