und welche Rolle der Staat und unser Papiergeld dabei spielen.
Erscheint am 9. Mai beim FinanzbuchVerlag. Ist aber bereits vorbestellbar.
Das Geld kommt vom Staat! Das stellt eigentlich niemand in Frage. Sollte man aber. Denn das staatliche Geldmonopol ist für eine Volkswirtschaft mitunter genauso schädlich wie Monopole in der Wirtschaft . Und hierwürde niemand auf die Idee kommen, diese zu verteidigen. Warum sollte es also beim Geld anders sein?
David Howden and I published "Some Ethical Dilemmas of Modern Banking" in Business Ethics: An European Review, Vol. 22, 3: 235-245.
Here is the link to the working paper.
And the abstract:
In this article published in The European Journal of Law and Economics, Juan Rallo, Miguel A. Alsono and I discuss the private alternative to bank bailouts. The bailin does not hurt tax payers but only people who invested in banks. This alternative has been discussed recently. Hopefully, politicians adopt our approach.
Here is my entry for the Wolfson contest with a foreword by Patrick Barron and an afterword by Godfrey Bloom.
I explain shortly all the problems of the euro, the future risks, and the continously rising costs. I discuss several alternatives to exit the Euro. Here is the link.
Ahora La tragedia del euro, está disponible en español publicado por Unión Editorial. El libro ya está en 10 idiomas.
In this article forthcoming in Journal of Business Ethics with David Howden we respond to Walter Block and Bill Barnett on the ethics of maturity mismatching.
In this article, David Howden and I show the theoretical problems of fractional reserve free banking. It was published in The Quarterly Journal of Austrian Economics, 13 (4): 29-55, 2010.
In this article co-authored with David Howden and published in the Quarterly Journal of Austrian Economics 13 (3), pp. 64-85, 2010, we elaborate on the subject of maturity mismatching as set out in my awarded article: Austrian Business Cycle Theory: Are 100 percent reserves sufficient to prevent a business cycle.
In this article published in Procesos de Mercado: Revista Europea de Economía Política, 8 (1) 2011, pp. 255-274 I analyze the future of trade unions after the financial crisis in the context of globalization. I show that trade union power rise and falls along the business cycle. The long term trend of union power is to fall due to globalization.
In this article published in Review of Austrian Economcis, 24 (4), pp. 383-402 David Howden and I deal with the alleged necessity of credit expansion to restall monetary equilibrium due to price stickiness. William Luther and Alexander Salter wrote a response here. Our rejoinder titled: "Monetary equilibrium and price stickiness: a rejoinder" can be found here.