On the Unsustainability of Austrian Business-Cycle Theory, Or How I Discovered that Ludwig von Mises Actually Rejected His Own Theory (Uneasy Money)
Thank you David, will let you know when that particular post is published.
In reply to https://uneasymoney.com/2012/10/10/on-the-unsustainability-of-austrian-business-cycle-theory-or-how-i-discovered-that-ludwig-von-mises-actually-rejected-his-own-theory/#comment-11927
David, I'll try to summarise my argument and make it clearer what the issue is in a future post at my new blog, http://www.economicsofbitcoin.com
Peter, Forgive me, but I can’t understand what you are saying.
As long as you admit that transaction costs influence whether a bank deposit is or isn't a part of the money supply, the withdrawing/depositing mechanism cannot equilibrate the money supply. This...
Roger, Your monograph sounds very interesting and may be a way to cut through some of the intractable disputes that weigh down debates about ABCT. So good luck with it and I look forward to readi...
recently wrote two posts (this and this) about the Austrian Theory of Business Cycles (ABCT) that could be construed as criticisms of the
David, as long as you admit that transaction costs have a non-zero effect on the decision to depositing money into the bank, you contradict your other opinion that the demand holding credit instr...
David, I have a monograph under review now that gives my take. I'm not sure how Fisherian I am in the MS, nor what, like, your criteria are for being Fisherian. But I do say explicitly that the s...