1st Edition

Austrian Economics, Money and Finance

By Thomas Mayer Copyright 2018
218 Pages
by Routledge

218 Pages
by Routledge

218 Pages
by Routledge

The financial crisis has exposed severe shortcomings in mainstream monetary economics and modern finance. It is surprising that these shortcomings have not led to a wider debate about the need to overhaul these theories. Instead, mainstream economists have closed ranks to defend existing theories and public authorities have expanded their interference in markets. This book investigates the... Read more


  1. The functions of money and money creation










  2. The concept of inflation












  3. The concept of interest








  4. The order of money








  5. Debt and property








  6. The building blocks of Modern Finance












  7. The failures of Modern Finance








  8. How Modern Finance has contributed to financial crises












  9. Building blocks of a theory of Austrian Finance












  10. From theory to practice








Biography

Thomas Mayer is Founding Director of the Flossbach von Storch Research Institute, Cologne, Germany. He is former Chief Economist of Deutsche Bank Group and has held positions at Goldman Sachs, Salomon Brothers, the International Monetary Fund and the Kiel Institute.