This paper argues that Milton Friedman’s failed to recognize the asset bubbles leading up to the financial crisis of 2007-2008. It attributes this failure to the inductivist method that Friedman and Anna Schwartz used to formulate the quantity theory at the heart of the doctrine of monetarism....

This paper uses the Austrian theory of money, as developed mainly by Ludwig von Mises and Murray N. Rothbard to identify the separate economic processes commonly designated as “deflationary” and to determine whether they can be classified as “benign” or “malignant.”

Part I. A short introduction to the theories of the Austrian School -- Chapter 1. Emergence of Fundamental Liberalism in the Economics of the Austrian School after WWI: In the Case of Ludwig von Mises (Kiichiro Yagi) -- Chapter 2. Capital and time - sources of innovation in the economic...

The Elgar Companion to Austrian Economics is a major new reference work which highlights the common ground between all the branches of the school while demonstrating the breadth and diversity within it. The Companion reflects the many areas where Austrian economists have made contributions,...