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The Ludwig von Mises Institute

Advancing Austrian Economics, Liberty, and Peace

Advancing the scholarship of liberty in the tradition of the Austrian School

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International Monetary Economics

International Monetary Economics

Michael Heilperin was a friend and colleague of Ludwig von Mises's in Geneva, and his specialization was the international monetary system. He applied the Austrian theory of the business cycle along with his knowledge of the balance of payments to warn against the rise of monetary nationalism. He wrote against the monetarist idea of floating fiat currencies and in favor of an international gold standard, and said that the debate was really between monetary chaos and international monetary stability. This 1939 work remains a definitive study of the author's times and our own.

Publication Information New York: Longmans Green, 1939. Print on demand
Updated 5/27/2009