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The Monetary Paradigm in the Misesian Theory

Author

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  • Liparã Daniel

    („Alexandru Ioan Cuza” University of Iaºi, Doctoral School of Economics)

Abstract

One of the leading figures of the Austrian School is by far Ludwig von Mises. Known better for his findings regarding the relationship between money, prices and interest, Mises brought originality and a new perspective over the monetary policy. This paper is a tribute to the philosopher Mises, who focused on human acting and who enriched the monetary theory with an analytical perspective and deductive models, creating the so called Misesian theory. What is Mises contribution to the development of monetary paradigm? Is expansionary monetary policy good? Is he for private initiative and free market rule? And most important how does the business cycle theory influence money?

Suggested Citation

  • Liparã Daniel, 2012. "The Monetary Paradigm in the Misesian Theory," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 576-579, May.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:576-579
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    More about this item

    Keywords

    money; interest rate; monetary policy; business cycle theory.;
    All these keywords.

    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

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