Author | |
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Publishing house | |
ISBNs | 978-5-91603-140-9 |
Binding | |
Pages | |
The weight | 1,2 kg |
Size | 170 × 240 mm |
Format | |
The year of publishing |
Delivery
€19,99
In stock
In stock
The book is devoted to a comprehensive examination of the central institution of the modern economic order - fractional reserve banking with a central bank and the role of this institution in periodically recurring economic cycles. The author analyzes this problem from legal, historical and economic points of view. Chapters 1-3 deal with the legal and historical aspects of fractional reserve banking. Chapters 4-7 explain in detail how the violation of the universal principles of law, expressed in the conduct of banking on a fractional reserve basis, inevitably leads to credit expansion and a cycle of boom and bust. Here Huerta de Soto expounds and develops the approach of the Austrian school of economics (L. Mises, F. Hayek, M. Rothbard). Chapter 8 discusses the theories behind the need for a central bank and the permissibility of fractional reserve banking. In the final 9th chapter of the book, the author discusses the problem of reforming the modern monetary system based on a combination of fiat money and fractional reserve banking under the control of the central bank, speaking with his own plan.
Author | |
---|---|
Publishing house | |
ISBNs | 978-5-91603-140-9 |
Binding | |
Pages | |
The weight | 1,2 kg |
Size | 170 × 240 mm |
Format | |
The year of publishing |
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