It is generally stated that the fractional-reserve banking system (FRBS) is consistent with sustainable economic growth and development. While it assumes that depositors will not be a joint demand who will claim all their money simultaneously, it supposes that a monetary aggregate greater than...

1. Introduction -- 2. Legal nature of the irregular money deposit contract -- 3. Essential differences between irregular deposit and loan. 4. The Theory of Capital -- 5. The Theory of the Business Cycle -- 6. Criticism of Monetarist and Keynesian Theories -- 7. Reform to the Banking System -- 8....

1. Introduction -- 2. Human Action and Entrepreneurship -- 3. The Concept of Human Action -- 4. Time, Uncertainty and Institutions -- 5. Cost, Profit and Loss -- 6. Entrepreneurship, Alertness and Knowledge -- 7. The Characteristics of Entrepreneurial Knowledge (I) -- 8. The Characteristics of...

The deadliest virus -- Economic effects of pandemics -- The Japanization of the European Union -- Anti-deflationist paranoia -- In defense of the Euro: An Austrian perspective (with a critique of the errors of the ECB -- and the interventionism of Brussels) -- Economic recessions, banking...

1. Introduction -- 2. Jesús Huerta de Soto and the School of Salamanca -- 3. The transfer of credit risk to the central bank under issuance of central bank digital currency central bank digital currency -- 4. Spontaneous Money: The Emergence of Lancashire Bills & Their Demise -- 5. An Academic...

1. Introduction -- 2. The Catholic Religion and the Ethics of Capitalism -- 3. A Theory of Deregulation -- 4. Liberal nationalism and secession -- 5. The non-aggression principle is only a first approximation to libertarianism -- 6. The methodological writing of Jesús Huerta de Soto -- 7. The...

A new theory on the characteristics of entrepreneurial knowledgeThis important book published by the Institute of Economic Affairs in association with Edward Elgar presents, in a new context, important aspects of Austrian economic ideas. The book explores the recent shift among professional...