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

Argumento de Monetary and Economic Policy Problems Before, During, and After the Great War (ebook)

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.0Acknowledgments 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 19121913 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 Mengers 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 Austrias 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