Overview
- Discusses contemporary banking and monetary policy issues from the perspective of the Austrian School of Economics
- Analyzes the factors that led to the current financial instability in Western countries
- Highlights Ludwig von Mises’s and Friedrich August von Hayek’s ideas on banking and monetary policy
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Table of contents (13 chapters)
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Front Matter
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Mises’s and Hayek’s Ideas on Banking and Monetary Policy from a Historical, Economic Point of View
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Front Matter
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The Measures Taken by the ECB Considered in the Light of the Ideas of Mises and Hayek
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Front Matter
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Proposed Monetary Reforms for the Future
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Front Matter
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Keywords
About this book
This book discusses contemporary banking and monetary policy issues from the perspective of the Austrian School of Economics. Based on the heritage of the Austrian school, leading scholars and practitioners offer a coherent diagnosis and analysis of the factors leading to Europe’s current financial crisis. The first part of the book discusses Ludwig von Mises’s and Friedrich August von Hayek’s ideas on banking and monetary policy from both historical and economic standpoints. It includes contributions on Austrian monetary dynamics and micro-foundational business cycle theory, von Mises’s concepts of liquidity and solvency of fractional-reserve banks, and liberalism of Austrian economics. The second part analyzes the measures taken by the European Central Bank (ECB) in light of the ideas of von Mises and Hayek. It includes contributions on non-neutrality of money, ECB monetary policy, and the future of the ECB. The third and final part presents discussions on monetary reforms, including contributions on Bitcoins, Cryptocurrencies and anti-deflationist Paranoia.
Reviews
“The editors are to be heartily congratulated for putting together this book, which covers an impressive range of topics in monetary economics from an explicitly Austrian perspective. … This book is indispensable reading for anyone who has a professional or vocational interest in the Austrian approach to money, finance, and business cycles.” (Joseph T. Salerno, The Quarterly Journal of Austrian Economics, Vol. 23 (1), 2020)
Editors and Affiliations
About the editors
Patrik Vonlanthen is founder and president of the Swiss Mises Institute. Patrik works as a senior project leader and consultant. As president of the Swiss Mises Institute he passionately promotes the core principles liberty, property and peace.
Bibliographic Information
Book Title: Banking and Monetary Policy from the Perspective of Austrian Economics
Editors: Annette Godart-van der Kroon, Patrik Vonlanthen
DOI: https://doi.org/10.1007/978-3-319-75817-6
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer International Publishing AG, part of Springer Nature 2018
Hardcover ISBN: 978-3-319-75816-9Published: 03 August 2018
Softcover ISBN: 978-3-030-09332-7Published: 04 January 2019
eBook ISBN: 978-3-319-75817-6Published: 23 July 2018
Edition Number: 1
Number of Pages: XII, 280
Number of Illustrations: 33 b/w illustrations
Topics: History of Economic Thought/Methodology, Macroeconomics/Monetary Economics//Financial Economics, Banking, Public Economics, Financial Crises