Monetary and Economic Policy Problems Before, During, and After the Great War

by Ludwig von Mises, Richard Ebeling (Editor)

Overview

The present volume is devoted to some of Mises’s earliest writings. As with the second volume in the series, the articles that compose this book include Mises’s policy memoranda, essays, and speeches that were found in a formerly secret KGB archive in Moscow. The articles have two primary focuses: First, they reveal Mises’s thoughts on the monetary, fiscal, and general economic policy problems of the Austro-Hungarian Empire before and during World War I; and second, they focus on his thoughts on the new postwar Austrian Republic after the dismantling of the Habsburg monarchy.

An appendix to the volume includes a curriculum vitae that Mises’s great-grandfather prepared for the Habsburg emperor in 1881 as part of his ennoblement, which gave him and his heirs the hereditary title of “Edler von.” Also included is a talk that Mises delivered at his private seminar in his office at the Vienna Chamber of Commerce in the spring of 1934 on the topic of the methodology of the social sciences.

Ludwig von Mises (1881–1973) was the leading spokesman of the Austrian school of economics throughout most of the twentieth century.

Richard Ebeling is Professor of Economics at Northwood University.

Please note: This title is available as an ebook for purchase on Amazon, Barnes and Noble, and iTunes.

Product Details

ISBN-13:	9781614872535
Publisher:	Liberty Fund, Incorporated
Publication date:	04/30/2012
Series:	Selected Writings of Ludwig von Mises , #1
Sold by:	Barnes & Noble
Format:	eBook
Pages:	432
File size:	738 KB
Age Range:	18 Years

Table of Contents

Acknowledgments ix
Preface xi
Introduction xv

Part 1     Austro-Hungarian Monetary and Fiscal Policy Issues
Before the First World War
1    The Political-Economic Motives of the Austrian
Currency Reform     3
2    The Problem of Legal Resumption of Specie
Payments in Austria-Hungary    31
3    The Foreign Exchange Policy of the
Austro-Hungarian Bank    83
4    On the Problem of Legal Resumption of
Specie Payments in Austria-Hungary:
A Reply to Walther Federn     95
5    The Fourth Issuing Right of the
Austro-Hungarian Bank    104
6    Financial Reform in Austria    117
7    The General Rise in Prices in the Light of
Economic Theory     131
8    On Rising Prices and Purchasing Power Policies    156
9    Disturbances in the Economic Life of the
Austro-Hungarian Monarchy During the
Years 1912–1913    168

Part 2     Economic Policy Issues in the Midst of the Great War
10   On the Goals of Trade Policy    185
11    Inflation     209
12    On Paying for the Costs of War and War Loans    216
13    Remarks Concerning the Problem of Emigration     227

viii   ?  contents

Part 3    Austrian Fiscal and Monetary Problems in the
Post-War Period
14    Monetary Devaluation and the National Budget     235
15     For the Reintroduction of Normal Stock Market
Practices in Foreign Exchange Dealings     240
16   On Carl Menger’s Eightieth Birthday    244
17   How Can Austria Be Saved? An Economic Policy
Program for Austria    248
18   The Claims of Note Holders upon Liquidation
of the Bank    252
19   The Austrian Currency Problem Thirty Years Ago
and Today    259
20   The Restoration of Austria’s Economic Situation     264
21    The Austrian Problem     271
22   The Gold-Exchange Standard     274
23   The Social Democratic Agrarian Program     279
24   America and the Reconstruction of the
European Economy     282
25   The Currency and Finances of the Federal
State of Austria    287
26  The Economic Crisis and Lessons for Banking Policy    296

Part 4    Interventionism, Collectivism, and Their Ideological Roots
27   The Economic System of Interventionism     303
28  Economic Order and the Political System    308
29   Remarks Concerning the Ideological Roots of the
Monetary Catastrophe of 1923    316

Appendixes
A.  Maxims for the Discussion of the Methodological
Problems of the Social Sciences: Paper Delivered
at the Private Seminar     325
B.  Short Curriculum Vitae of Mayer Rachmiel Mises
of Lemberg     333

Index     337