How Global Currencies Work: Past, Present, and Future Barry Eichengreen, Arnaud Mehl, and Livia Chitu Princeton, N.J.: Princeton University Press, 2018, 250 pp. Carmen Elena Dorobăț (c.dorobat@leedstrinity.ac.uk) is assistant professor of business and economics at Leeds Trinity University in the United Kingdom and a Fellow of the Mises
Volume 18, Number 1 (Spring 2015) Sweden and the Revival of the Capitalist Welfare State is the third updated (and first English) edition of Andreas Bergh’s well-researched book on the rise, fall, and return of the world-renowned Swedish welfare state. The work importantly traces the origins of the Swedish wonder, in which Sweden rose from being
Volume 1, No. 4 (Winter 1998) An important area of contention between the industrialized countries of the North and the developing countries of the South at the close of the Uruguay Round was trade and labor standards. The United States and the European Union were among those seeking the international ratification of minimum labor standards
Volume 3, No. 1 (Spring 2000) In this new offering, Rojas tends to downplay the existence of any net capital movements and to argue that, if such net capital movements existed at all, they operate only in favor of the capitalist West. Clearly, this contradicts the facts that Rojas himself points out with so much emphasis. Most importantly,
Volume 5, No. 4 (Winter 2002) Monetary competition, a result of the abolition of legal tender, would seriously curtail the politization of the euro. But is it possible to completely separate the euro from politics without returning to the chaos of fiat national currencies (with either fixed or floating rates)? The answer is yes, certainly.
Volume 8, No. 1 (Spring 2005) This paper proceeds by explaining deflation and aggregate price determination in more detail. Then, some facts about the development of Japan, 1990–2001, are provided, together with an extensive interpretation. This is followed by a closer examination of the official Japanese interpretation, contrasting it with my
Volume 9, No. 2 (Summer 2006) We have provided a reconsideration of the role of the economist in economic development. In doing so, we first considered the evolution of development economics to understand how the role of the economist has become what it is today. We argued that economists and policy makers alike overlook the role that
Volume 10, No. 2 (Summer 2007) Between 1830 and 1903, Sweden experienced one of the longest and most successful free-banking periods in history. During this period, private note issuing banks were allowed and prospered. This paper describes the rise and fall of the Swedish free banking system and shows that the system could be considered a true
Volume 10, No. 2 (Summer 2007) In his book The Theory of Economic Development, Schumpeter (1934) pointed out that entrepreneurs are prime movers of economic change. The entrepreneurs described by Schumpeter were innovators.They opened new markets, created new types of industrial organization, and introduced new goods, production methods, and
Volume 10, No. 2 (Summer 2007) This book provides the basis for some anti-free trade arguments. For instance, Paul Craig Roberts asserts that Gomory and Baumol “explode the free trade assumption that free trade always produces mutual gains” (Roberts), and that the book will help economists “catch up with their discipline” (Roberts). In a
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.