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.

Product Details

ISBN-13:	9780865978331
Publisher:	Liberty Fund, Incorporated
Publication date:	04/30/2012
Series:	Selected Writings of Ludwig von Mises , #1
Pages:	432
Product dimensions:	6.00(w) x 9.00(h) x 1.10(d)
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

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 Interventionist 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