Credit And The Two Sources From Which It Springs: The Propensity To Save And The Propensity To Consume - VOLUME II - Money & Credit in an Unhampered Market Economy - Hardcover

Fekete, Antal E

 
9789082065541: Credit And The Two Sources From Which It Springs: The Propensity To Save And The Propensity To Consume - VOLUME II - Money & Credit in an Unhampered Market Economy

Inhaltsangabe

Money and Credit - Volume II Austrian economist Prof. Antal Fekete has published his Opus Magnum in 4 volumes or about 900 pages. This second volume contains the missing theory on the working of the gold standard. But that would be the unadulterated gold standard that is free from political interference by pressure groups or ideological derailments. Besides the analysis of a circulating gold coin standard, the work starts with the Carl Menger's astute observations on value and price. Both are missing in mainstream economic theory and contemporary Austrian economics has hardly worked out its consequences. An all important link between human freedom and a circulating gold coin standard surfaces, which all other works on the gold standard have never described. But here you have it. Von Mises is correct in many respects and Carl Menger, being the father of the Austrian School, laid the foundations. The rest was up to his school. Ludwig Von Mises, Eugen von Bohm-Bawerk and others. This work contains the integration of the Marginal TIme-Preference and Marginal Productivity of Capital approaches to the formation of interest, besides a host of new and important theory, never published by any Austrian School, let alone mainstream economics. Yet this work is not laced by spurious mathematics. The theory of the gold bill may even contribute to your future well-being, much more than a well-fare state ever will.

Full colour hardcover publication containing illustration or graphic aids, Academic work with endnotes and bibliography on the missing theory of the gold standard and its importance for today regarding the origin of interest and discount and the distributed way in which the gold standard set the levels of these rates without governmental interference.

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Über die Autorinnen und Autoren

Antal E. Fekete, Professor, Memorial University of Newfoundland, was born in Budapest, Hungary, in 1932. He graduated from the Loránt Eötvös University of Budapest in mathematics in 1955. He left Hunga- ry in the wake of the 1956 anti-Communist uprising that was brutally put down by the occupying Soviet troops. He immigrated to Canada in the following year and was appointed Assistant Professor at the Me- morial University of Newfoundland in 1958. In 1993, after 35 years' of service he retired with the rank of Full Professor. During this period he also had tours of duty as visiting professor at Columbia University in the City of New York (1961), Trinity College, Dublin, Ireland (1964), Acadia University, Wolfville, Nova Scotia (1970), Princeton Universi- ty, Princeton, New Jersey (1974). Since 2005 he has been Professor at Large of Intermountain Institute for Science and Applied Mathematics (IISAM), Missoula, Montana. Professor Fekete is an autodidactic expert on monetary economics. During his associations with various universities and institutions he has done research and lectured on economics. On one such occasion, in 1974, he gave a talk on gold in the seminar of Paul Volcker, then Senior Fellow at Princeton University, soon to be named as President of the Federal Reserve Bank of New York and, later, as Chairman of the Federal Reserve Board. In 1984 Professor Fekete was invited by the American Institute for Economic Research in Great Barrington, Massachusetts, to spend a year there as Visiting Fellow. He served as Editor of the Monograph Series of the Committee for Monetary Research and Education, then headquartered in Greenwich, Connecticut, while contributing several monographs to the Series, reproduced on his website. He also acted as Senior Editor for the American Economic Foundation in Cleveland, Ohio, and produced the popular pamphlet series Ten Pillars of Sound Money, also reproduced in Volume I of this series. When in 1984 South Africa celebrated the 100th anniversary of discovering gold in the Wit- watersrand, at the conference Gold 100 commemorating that event in Johannesburg, Professor Fekete delivered the keynote address entitled Gold in the International Monetary System, also reproduced on his website. In 1985 Congressman William E. Dannemeyer of Fullerton, Califor- nia, invited Professor Fekete to join his staff in Washington, D.C., to work on fiscal and monetary reform. While on this assignment, last- ing for five years, he gave numerous lectures on Capitol Hill as well as in California. Ultimately the proposals hammered out in Congres- sional offices under his chairmanship were taken to the White House by a delegation of ten Republican Congressmen led by Congressman Dannemeyer. According to these proposals the runaway government deficit could be reined in by refinancing the entire U.S. government debt through issuing gold bonds. The historic meeting took place in the Oval Office in October, 1989, and was duly reported by The New York Times. Having listened attentively to the presentation of Mr. Dannemeyer, President George Bush, Sr., instructed his Treasury Sec- retary, also present at the meeting, to let the Congressional and Treas- ury staff meet and put forward a joint proposal. This initiative came to nought as the Treasury deliberately derailed negotiations through procrastination

Peter van Coppenolle has been an assistant lecturer of Prof. Antal Fekete since 2001. His expertise is predominantly in the establishment of solid protection devices for succession planning, especially suited for needy or disabled loved ones. He is also fellow and honorary board member of Fekete Research Ltd. in London. His predilection is for Greek philosophy and philosophy of mind.

Von der hinteren Coverseite

Prof. Antal E. Fekete schreef zijn Magnum Opus in de traditie van de Oostenrijkse Economische School. Een werk onderverdeeld in vier volumes en meer dan 900 bladzijden.
Dit tweede volume bevat de uitgewerkte theorie in de Oostenrijkse Economische traditie van Carl Menger en werd nooit eerder gepubliceerd. Het bevat een doordringende analyse van de vooroorlogse goudstandaard, die door de huidige stand van de economische wetenschappen volledig werd afgeschreven. Onterecht, want er is meer aan de hand. Die theorie - ende is voor iedereen saai - werd aan de hand van de werkelijkheid zoals we die in de bancaire of financiële wereld aantreffen, terug samengesteld maar rekening houdend met een goudstandaard zonder politieke of ideologische belemmeringen. Het belangrijke verband tussen menselijke vrijheid en een vrij circulerende goudmunt standaard komt nu pas tot zijn recht. We zijn allemaal voorwaardelijk vrij, alleen, onder de goudstandaard van voor de grote oorlogen waren onze voorouders heel wat vrijer, ten spijte van de destijdse geheime polities. In dit belangrijke werk legt Fekete de theoretische basis die een goed begrip van economische situaties vereisen. Het huidige kernbegrip van vraag en aanbod wordt hierbij vervangen met veel vollere begrippen. Interestvorming aan de hand van de marginale tijdsvoorkeur en de marginale productiviteit van Kapitaal, vervangen het bekende maar statische ISLM model. Kortom een volledig dynamische in plaats van statische invulling van alledaagse economische begrippen. Dit laat zich niet in wiskundige vorm gieten !
Dit is het moeilijkst leesbare en meest theoretische boek uit de reeks. Maar het schenkt ook de meeste voldoening vanwege zijn radicaal nieuwe economische theorie (gebaseerd op de praktijk).
Academisch niveau : Master.

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