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. Presentation and Critique of the macroeconomic standard models -- 2. Goods side and money side -- 3. Time preference -- 4. Role of the interest rate -- 5. Roundaboutness -- 6. Synthesis of the parts into a conclusive single representation -- 7. Macroeconomic Policy Applications.

Hayek's early writings on business-cycle theory and the Great Depression argued that cyclical downturns, including that of 1929-1931 were caused by unsustainable elongations of the capital structure caused by bank-financed investment exceeding voluntary saving. Believing that monetary expansion...

The article starts with a brief description of Mises’ monetary theory, with emphasis on the Misesian differentiation of two kinds of credit: commodity and circulation credit, and with the description of the impact of circulation credit expansion on the business cycle. Further on it is...

The paper analyses the evolvement and effects of central bank crisis management since the mid 1980s based on a Hayek-Mises-Wicksell overinvestment framework. It is shown that, given that the traditional transmission mechanism between monetary policy and consumer price inflation has collapsed,...

This paper examines the inflationary episode of 1603 in Spain through the lens of Austrian Economic Theory. The study focuses on the effects of monetary expansion caused by the influx of precious metals from the Americas and its impact on real wages and raw material prices. Through the analysis...