Critique of Mainstream Austrian Economics

Critique of Mainstream Austrian Economics

9 500 Ft

In the spirit of Carl Menger. Antal Fekete refutes Austrian economic theory, addressing ideologies and advancing coherent while preserving its foundational principles.

SKU: paf-critique Category:

Publication date

2020

Language

English

Print length

142 pages

File size

1,66 MB

Description

In this Critique of Mainstream Austrian Economics, math professor Antal Fekete concisely formulates several arguments, not so much against Austrian Economics, but rather in favor of economics lessons taught by Carl Menger and Ludwig von Mises and their instructive concepts in Central Europe before World War I. Some arguments point towards certain departures from the Quantity Theory of Money. Destroying these limitations imposes coherence in economic theory. This idea should not fool the reader, but rather point towards certain departures from the Quantity Theory of Money. Whether their motives, their errors summed the independent development of Austrian Economic thinking. Antal Fekete sets out to correct this unfortunate situation. He fixes the work ahead for the beginner, not the end, of a renewal in Austrian economic thinking.

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"The depths of Professor Fekete's insights into gold's role in the modern (and classical) monetary system are breathtaking, yet his writing style is very straightforward and readable. His essays are a rare treat for the amateur scholar or industry professional. A thorough study of his complete body of work is absolutely essential to anyone attempting to make rational investment decisions today. If you don't (TM) believe me on that last point, market events will change your mind soon enough."

— Nathan Narusis, CFA