Review of Huerta de Soto´s `Money, Bank Credit, and Economic Cycles´

van den Hauwe, Ludwig (2006): Review of Huerta de Soto´s `Money, Bank Credit, and Economic Cycles´. Forthcoming in: New Perspectives on Political Economy , Vol. 2, No. 2 (November 2006): pp. 135-141.

Abstract

This article reviews the first English edition of Prof. Jesús Huerta de Soto´s book `Dinero, Crédito Bancario y Ciclos Económicos´ which first appeared in Spain in 1998.

• Item Type: MPRA Paper
• Language: English
• Keywords: Business Cycle Theory; Law and Economics of Money and Banking; Austrian school; new institutional economics; financial markets; history of money; credit and banking; deregulation of financial institutions; economics of transition
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles; B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B53 - Austrian; P - Economic Systems > P3 - Socialist Institutions and Their Transitions > P34 - Financial Economics; N - Economic History > N2 - Financial Markets and Institutions > N23 - Europe: Pre-1913; G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation; N - Economic History > N2 - Financial Markets and Institutions > N24 - Europe: 1913-; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit; K - Law and Economics > K3 - Other Substantive Areas of Law > K39 - Other; E - Macroeconomics and Monetary Economics > E0 - General > E00 - General; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems; G - Financial Economics > G0 - General; K - Law and Economics > K0 - General; P - Economic Systems > P3 - Socialist Institutions and Their Transitions; N - Economic History > N2 - Financial Markets and Institutions; H - Public Economics > H1 - Structure and Scope of Government > H11 - Structure, Scope, and Performance of Government

References

[1] Hayek, F. A. (1973) Rules and Order, Vol. I of Law, Legislation and Liberty, London: Routledge.

[2] Hülsmann, J. G. (2000) 'Review of: Dinero, Crédito Bancario y Ciclos Económicos, Jesús Huerta de Soto, 1998, Madrid: Unión Editorial', The Quarterly Journal of Austrian Economics, Vol. 3, No. 2 (Summer 2000), 85-88.

[3] Van den Hauwe, L. (Winter 2006) 'The Uneasy Case for Fractional-Reserve Free Banking', Procesos de Mercado - Revista Europea de Economía Política.

[4] White, L. H. (1995) Free Banking in Britain - Theory, Experience, and Debate, 1800-1845 (Second Edition), London: The Institute of Economic Affairs.

[5] Witt, U. (1997) 'The Hayekian puzzle: spontaneous order and the business cycle', Scottish Journal of Political Economy, 44, 44-58.

[6] Yeager, L. B. (2001) 'The Perils of Base Money', The Review of Austrian Economics, 14:4, 251-266.