Tag Archives: Carl Menger

The real convenience of money

I recently read Adam Fergusson’s history of the early 1920s hyperinflation in Weimar Germany–which also covers contemporary hyperinflations of Austria and Hungary. (Well-spotted if you noticed that they were the losing Powers of the Dynasts’ War–aka WWI; this was not a coincidence.) One of the striking things about the period is how misguided conventional wisdom […]

A fight over money

Over the last twelve months or so, the blogosphere saw another round of a long-standing fight over money. Not over getting more money (though that is an element too), but its nature and history. A story about debt The aforementioned tussle has been provoked by the publication of David Graeber’s intriguing, but seriously flawed, book Debt: The […]

Some Thoughts on Lorenzo on Austrian Economics (guest post by Steven Horwitz)

This is a guest post by Steven Horwitz which was originally posted at Critical Thinking Applied but which Dr Horwitz has kindly agreed to be also posted here. Dr. Horwitz is the Charles A. Dana Professor of Economics at St. Lawrence University in Canton, NY. He is the author of two books, Microfoundations and Macroeconomics: An Austrian Perspective (Routledge, 2000) and Monetary […]