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economic theory, and a prolific author. Mises's writings and lectures encompassed economic theory, history, epistemology …, government, and political philosophy. His contributions to economic theory include important clarifications on the quantity … theory of money, the theory of the trade cycle, the integration of monetary theory with economic theory in general, and a …
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The current economic crisis has been lasting too long, and particular examples of economic growth and unemployment reduction in some countries have not been the accelerator sufficient for the global recovery. The general level of demand is low, hence so are the investments, although the most...
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We evaluate the Friedman-Schwartz hypothesis that a more accommodative monetary policy could have greatly reduced the severity of the Great Depression. To do this, we first estimate a dynamic, general equilibrium model using data from the 1920s and 1930s. Although the model includes eight...
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