Professor Antal E. Fekete
Critique of Mainstream Austrian Economics
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NYERLUCZ EDIT HENRIETTA played a pivotal role in co-authoring, editing, printing, and illustrating the work, bringing her expertise and creativity to every stage of the process. ZSIBRITA GRÉTA EDIT, as Secretary General, contributed significantly to illustrations, finalizing the project, and co-authoring, ensuring the completion and refinement of the work to the highest standard.
Chapter 1
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In his Critique of Mainstream Austrian Economics, math professor Antal Fekete concisely formulates several arguments, not so much against Austrian Economics, but rather in favor of them. His critique should be interpreted as a way of fortifying and improving on Carl Menger and Ludwig von Mises and their heterodox concepts in Central Europe before World War I. Some arguments take position against Mises who seemed locked into conclusions, inspired by unfortunate assumptions like the Quantity Theory of Money. Overcoming these limitations improves coherence in economic theory. The title should not fool the reader, the arguments are crafted against those who took Menger and Mises and hammered their concepts forcefully into the mainstream of economic science. Whatever their motives, their move stunted the independent development of Austrian Economic thinking. Antal Fekete sets out to correct this unfortunate situation. He feels this work should be the beginning, not the end, of a renewal in Austrian economic thinking.
Books
Silver Money
The history of silver, all the way back, until the beginning of the century. Chinese silver, world throughout historical silver.
Critique of Maintsream Austrian Economics
Antal Fekete refines Austrian economic theory, addressing missteps and advancing coherence while preserving its foundational principles.