De soto formula capital updating
xxvii)-Chapter 1: The author explains different forms of deposit contracts and contrasts them to loan contracts.He classifies money that is deposited at a bank as a monetary “irregular deposit contract”, a contract for depositing fungible goods.It is sweeping, revolutionary, and devastating--not only the most extended elucidation of Austrian business cycle theory to ever appear in print but also a decisive vindication of the Misesian-Rothbardian perspective on money, banking, and the law.Jörg Guido Hülsmann has said that this is the most significant work on money and banking to appear since 1912, when Mises's own book was published and changed the way all economists thought about the subject.It could take a decade for the full implications of this book to be absorbed but this much is clear: all serious students of these subject matters will have to master this treatise.875 page hardback This book is the best exposition of Austrian macro-economic theory, particularly: Austrian Business Cycle Theory, Theory of Capital and Monetary Theory.
Huerta de Soto's book is comprehensive and represents an extraordinary way of thinking about economics.
In the process is detailed the wo This book is the best exposition of Austrian macro-economic theory, particularly: Austrian Business Cycle Theory, Theory of Capital and Monetary Theory.
In the process is detailed the workings of the economy’s intertemporal capital structure and how this structure is distorted by the credit-expansion process.
My economics lectures in college (major in international business administration) did not cover monetary policy in such depth and the Austrian School tends to be not very present in economics classes.
Therefore, I took away many new insights and I am glad to have read this lengthy book.
Such a bo Can the market fully manage the money and banking sector?