A Comparison of Direct Investment of Savings and Cash Building of Savings: A Response to Alexandru Pătruți
Individuals save and invest directly, or save to add to their cash holdings. Are there differences?
Capital and Interest Theory
Displaying 161 - 170 of 759
Chinese Translation of The Pure Time-Preference Theory of Interest
This new translation is the most recent addition to the growing library of Austrian works being translated and made available in China.
Venezuela Shows There’s No Shortcut to Economic Growth
Economic growth is about transforming capital in useful ways. It is not about just making more stuff.
How Capitalism Improves the Welfare of All
Antiliberal policy is a policy of capital consumption. It recommends that the present be more abundantly provided for at the expense of the future.
Gross Calls for Helicopter Money
Legendary investor Bill Gross calls on the Fed to bring on Milton Friedman's "helicopter money."
Review of Finance Behind the Veil of Money: An Essay on the Economics of Capital, Interest, and the Financial Market by Eduard Braun
The reader should trudge his way through this book for two reasons. First is the explanation for why the purchasing power of money must be defined in terms of consumers’ goods prices, not capital goods. Second, and more importantly, Braun resurrects the subsistence fund doctrine, an integral aspect of business cycle theory and completely neglected by modern writers.
The Austrian Business Cycle Theory: A Defense of Its General Validity
The paper aims to defend the general validity of the ABCT against the assumption that the theory does not hold if entrepreneurs are able to anticipate correctly the inflationary effects of a fiduciary credit expansion.
