This book deals with the exciting question of whether the world economic crisis can in fact be stopped only by a fight among all against all by forcing others to make painful adjustments in their demand, price, and employment levels.
Table of Contents
Foreword -- Preface -- Austria’s Achievements, Unrealized Chances, and Future Possibilities -- Maximal Capital Formation and Planning Data Constancy -- Domestic Fiscal Policy: Global Demand and Selective Structuring -- Balance of Payments Dictates the Money Supply -- Balance of Payments Dictates Income Policy -- A Catalogue of Missed Opportunities -- The Limits of Government Indebtedness -- The Theoretical Background: is Economic Independence Possible? -- Demand (or Money) Illusions -- Terms-of-Trade (or Exchange-Rate) Illusions -- Fact and Fiction of the Euromarkets* -- Soft or Hard Currency? is There a Substitute for Fiscal Policy? -- A World Monetary System within One Country: The Austrian Model -- Summary, Results, and Conclusions -- The Model
Wilhelm Hankel, Jean Steinberg