Books

The Purchasing Power of Money: Its Determination and Relation to Credit Interest and Crises (Cosimo Classics Economics)

Perhaps America’s first celebrated economist, Irving Fisher-for whom the Fisher equation, the Fisher hypothesis, and the Fisher separation theorem are named-staked an early claim to fame with his revival, in this 1912 book, of the “quantity theory of money.” An important work of 20th-century economics, this work explores: · the circulation of money against goods …

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The Positive Theory of Capital

This is the second book in the series of Boehm-Bawerk translations by Scottish economist William Smart, originally published in 1891. It is, as the title suggests, the positive theory of capital. It begins with full front matter by Smart himself, and then we come to book one: The Nature and Conception of Capital. Six sections …

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Recent Literature on Interest

This book by Eugen von Boehm-Bawerk is a supplement to his two great books, Capital and Interest and The Positive Theory of Capital. Here he takes on alternatives to the Austrian theory he had previously presented, and thereby clarifies the case. It is an excellent illustration of the economist’s stunning patience and capacity for thorough …

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A Foreign Policy of Freedom, Paul

There is one and only one voice in Congress for a foreign policy of freedom, and it belongs to Ron Paul, who has stood alone for freedom for many years. Ron is the seemingly impossible: a voice for reason and truth in a den of thieves. A Foreign Policy of Freedom is his 372-page manifesto, …

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