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Austrian Economics, Money and Finance
ISBN-13:
9781351685535
Veröffentl:
2017
Seiten:
218
Autor:
Thomas Mayer
eBook Typ:
PDF
eBook Format:
EPUB
Kopierschutz:
2 - DRM Adobe
Sprache:
Englisch
Beschreibung:
This book investigates the problems associated with mainstream monetary economics and finance, and proposes alternatives based on the Austrian school of economics. 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. Instead of creating money, banks would intermediate it. In finance, the Austrian school rejects the notion of rational expectations and measurable risk. Individuals use their subjective knowledge to gather and evaluate information, and they act in a world of radical uncertainty.
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