The Great Depression: Mises vs. FisherThe Quarterly Journal of Austrian Economics - Tập 11 - Trang 230-241 - 2008
Mark Thornton
Ludwig von Mises established the foundations of modern Austrian economics while Irving Fisher established the foundations of modern mainstream macroeconomics and central bank policy. Fisher helped create and was a proponent of mathematical economics, statistics and index numbers, and a monetary policy that “stabilized” the value of the dollar. Fisher claimed that his scientific approach establishe...... hiện toàn bộ
Deflation: When Austrians become interventionistsThe Quarterly Journal of Austrian Economics - Tập 6 - Trang 19-35 - 2003
Philipp Bagus
The aforementioned six Austrian economists, especially Rothbard, refute most arguments that mainstream economists mention against deflation. To differing degrees they are much less deflation-phobic than the mainstream. Nevertheless, when it comes to deflation, they diverge very much and do not staunchly champion the free market. In contrast to their laissez-faire views on most other subjects, in o...... hiện toàn bộ
Mises on Monetary Reform: the Private AlternativeThe Quarterly Journal of Austrian Economics - Tập 11 - Trang 208-218 - 2008
Jörg Guido Hülsmann
This paper discusses Ludwig von Mises's proposals for monetary reform. We will largely focus on technical aspects—the concrete practical steps he recommended—without detailing how these relate to his general conceptions of money and of a sound monetary order. We will highlight two characteristic features of Mises's proposals. One, he stressed the role of the competitive market process and of priva...... hiện toàn bộ