Anläßlich der hundertsten Wiederkehr von Knut Wicksells Werk "Geldzins- und Güterpreise" (1898) hat sich der Dogmenhistorische Ausschuß des Vereins für Socialpolitik auf seiner 18. Tagung dem bedeutenden Ökonomen gewidmet. Insbesondere die noch immer gültige Modernität der Aussagen...

In dem so geschichtsträchtigen Jahr 1848 erschienen John Stuart Mills "Principles of Political Economy - with Some of Their Applications to Social Philosophy". Die 150. Wiederkehr dieses Ereignisses von nachhaltigem Einfluß auf das ökonomische, ja auf das gesellschaftspolitische Denken in...

Contemporary monetary institutions are flawed at a foundational level. The reigning paradigm in monetary policy holds up constrained discretion as the preferred operating framework for central banks. But no matter how smart or well-intentioned are central bankers, discretionary policy contains...

Knowledge problems with discretionary monetary policy -- Incentive prolems with discretionary central banking -- When firefighters are arsonists -- On the shoulders of giants: monetary policy insights of the classically liberal nobel laureates -- Money and the rule of law -- Conclusion: money...

This chapter argues that modern readers can benefit from studying the classics today, because the classical approach to studying an economic system in motion under a cumulative process of division of labour offers a superior starting point for analysing salient properties of capitalist market...