Money, Bank Credit, and Economic Cyclestxt,chm,pdf,epub,mobi下载 作者:Jesus Huerta de Soto 出版社: Ludwig von Mises Institute 出版年: 2009-4-14 页数: 885 定价: USD 35.00 装帧: Hardcover ISBN: 9781933550398 内容简介 · · · · · ·Can the market fully manage the money and banking sector? Jesús Huerta de Soto, professor of economics at the Universidad Rey Juan Carlos, Madrid, has made history with this mammoth and exciting treatise that it has and can again, without inflation, without business cycles, and without the economic instability that has characterized the age of government control. Such a book... 作者简介 · · · · · ·赫苏斯•韦尔塔•德索托 (J.Huerta de Soto 1956— ) 奥地利学派著名的经济学家,马德里康普顿斯大学政治经济学终身教授,胡安•卡洛斯国王大学博士生导师。1983年获“胡安•卡洛斯国王国际奖”。2005年获亚当•斯密奖终身成就奖。著有《社会主义、经济计算与企业家才能》(Socialism,Economic Calculation and Entrepreneurship)(吉林出版集团,2011年1月),《奥地利学派:市场秩序与企业家才能》(The Austrian School:Market Order and Entreprenearial Creativity)(浙江大学出版社,2010年11月)等。 目录 · · · · · ·CONTENTSPreface to the English-Language Edition Preface to the Second Spanish Edition Introduction Chapter 1: The Legal Nature of the Monetary Irregular-Deposit Contract A Preliminary Clarification of Terms: Loan Contracts (Mutuum and Commodatum)and Deposit Contracts · · · · · ·() CONTENTS Preface to the English-Language Edition Preface to the Second Spanish Edition Introduction Chapter 1: The Legal Nature of the Monetary Irregular-Deposit Contract A Preliminary Clarification of Terms: Loan Contracts (Mutuum and Commodatum)and Deposit Contracts The Commodatum Contract The Mutuum Contract The Deposit Contract The Deposit of Fungible Goods or "Irregular" Deposit Contract The Economic and Social Function of Irregular Deposits The Fundamental Element in the Monetary Irregular Deposit Resulting Effects of the Failure to Comply with the Essential Obligation in the Irregular Deposit Court Decisions Acknowledging the Fundamental Legal Principles which Govern the Monetary Irregular-Deposit Contract (100-Percent Reserve Requirement) The Essential Differences Between the Irregular Deposit Contract and the Monetary Loan Contract The Extent to Which Property Rights are Transferred in Each Contract Fundamental Economic Differences Between the Two Contracts Fundamental Legal Differences Between the Two Contracts The Discovery by Roman Legal Experts of the General Legal Principles Governing the Monetary Irregular-Deposit Contract The Emergence of Traditional Legal Principles According to Menger, Hayek and Leoni Roman Jurisprudence The Irregular Deposit Contract Under Roman Law Chapter 2: Historical Violations of the Legal Principles Legal Principles Governing the Monetary Irregular-Deposit Contract Introduction Banking in Greece and Rome Trapezitei, or Greek Bankers Banking in the Hellenistic World Banking in Rome The Failure of the Christian Callistus's Bank The Societates Argentariae Bankers in the Late Middle Ages The Revival of Deposit Banking in Mediterranean Europe The Canonical Ban on Usury and the "Depositum Confessatum" Banking in Florence in the Fourteenth Century The Medici Bank Banking in Catalonia in the Fourteenth and Fifteenth Centuries: The Taula de Canvi Banking During the Reign of Charles V and the Doctrine of the School of Salamanca The Development of Banking in Seville The School of Salamanca and the Banking Business A New Attempt at Legitimate Banking: The Bank of Amsterdam. Banking in the Seventeenth and Eighteenth Centuries The Bank of Amsterdam David Hume and the Bank of Amsterdam Sir James Steuart, Adam Smith and the Bank of Amsterdam The Banks of Sweden and England John Law and Eighteenth-Century Banking in France Richard Cantillon and the Fraudulent Violation of the Irregular-Deposit Contract Chapter 3: Attempts to Legally Justify Fractional-Reserve Banking Introduction Why it is Impossible to Equate the Irregular Deposit with the Loan or Mutuum Contract The Roots of the Confusion The Mistaken Doctrine of Common Law The Doctrine of Spanish Civil and Commercial Codes Criticism of the Attempt to Equate the Monetary Irregular-Deposit Contract with the Loan or Mutuum Contract The Distinct Cause or Purpose of Each Contract The Notion of the Unspoken or Implicit Agreement An Inadequate Solution: The Redefinition of the Concept of Availability The Monetary Irregular Deposit, Transactions with a Repurchase Agreement and Life Insurance Contracts Transactions with a Repurchase Agreement The Case of Life Insurance Contract Chapter 4: The Credit Expansion Process Introduction The Bank's Role as a True Intermediary in the Loan Contract The Bank's Role in the Monetary Bank-Deposit Contract The Effects Produced by Bankers' Use of Demand Deposits: The Case of an Individual Bank The Continental Accounting System Accounting Practices in the English-speaking World An Isolated Bank's Capacity for Credit Expansion and Deposit Creation The Case of a Very Small Bank Credit Expansion and Ex Nihilo Deposit Creation by a Sole, Monopolistic Bank Credit Expansion and New Deposit Creation by the Entire Banking System Creation of Loans in a System of Small Banks A Few Additional Difficulties When Expansion is Initiated Simultaneously by All Banks Filtering Out the Money Supply From the Banking System The Maintenance of Reserves Exceeding the Minimum Requirement Different Reserve Requirements for Different Types of Deposits The Parallels Between the Creation of Deposits and the Issuance of Unbacked Banknotes The Credit Tightening Process Chapter 5: Bank Credit Expansion and Its Effects on the Economic System The Foundations of Capital Theory Human Action as a Series of Subjective Stages Capital and Capital Goods The Interest Rate The Structure of Production Some Additional Considerations Criticism of the Measures used in National Income Accounting The Effect on the Productive Structure of an Increase in Credit Financed under a Prior Increase in Voluntary Saving The Three Different Manifestations of the Process of Voluntary Saving Account Records of Savings Channeled into Loans The Issue of Consumer Loans The Effects of Voluntary Saving on the Productive Structure First: The Effect Produced by the New Disparity in Profits Between the Different Productive Stages Second: The Effect of the Decrease in the Interest Rate on the Market Price of Capital Goods Third: The Ricardo Effect Conclusion: The Emergence of a New, More Capital-Intensive Productive Structure The Theoretical Solution to the "Paradox of Thrift" The Case of an Economy in Regression The Effects of Bank Credit Expansion Unbacked by an Increase in Saving: The Austrian Theory or Circulation Credit Theory of the Business Cycle The Effects of Credit Expansion on the Productive Structure The Market's Spontaneous Reaction to Credit Expansion Banking, Fractional-Reserve Ratios and the Law of Large Numbers Chapter 6: Additional Considerations on the Theory of the Business Cycle Why no Crisis Erupts when New Investment is Financed by Real Saving (And Not by Credit Expansion) The Possibility of Postponing the Eruption of the Crisis: The Theoretical Explanation of the Process of Stagflation Consumer Credit and the Theory of the Cycle The Self-Destructive Nature of the Artificial Booms Caused by Credit Expansion: The Theory of "Forced Saving" The Squandering of Capital, Idle Capacity and Malinvestment of Productive Resources Credit Expansion as the Cause of Massive Unemployment National Income Accounting is Inadequate to Reflect the Different Stages in the Business Cycle Entrepreneurship and the Theory of the Cycle The Policy of General-Price-Level Stabilization and its Destabilizing Effects on the Economy How to Avoid Business Cycles: Prevention of and Recovery from the Economic Crisis The Theory of the Cycle and Idle Resources: Their Role in the Initial Stages of the Boom The Necessary Tightening of Credit in the Recession Stage: Criticism of the Theory of "Secondary Depression" The "Manic-Depressive" Economy: The Dampening of the Entrepreneurial Spirit and Other Negative Effects Recurring Business Cycles Exert on the Market Economy The Influence Exerted on the Stock Market by Economic Fluctuations Effects the Business Cycle Exerts on the Banking Sector Marx, Hayek and the View that Economic Crises are Intrinsic to Market Economies Two Additional Considerations Empirical Evidence for the Theory of the Cycle Business Cycles Prior to the Industrial Revolution Business Cycles From the Industrial Revolution Onward The Roaring Twenties and the Great Depression of 1929 The Economic Recessions of the Late 1970s and Early 1990s Some Empirical Testing of the Austrian Theory of the Business Cycle Conclusion Chapter 7: A Critique of Monetarist and Keynesian Theories Introduction A Critique of Monetarism The Mythical Concept of Capital Austrian Criticism of Clark and Knight A Critique of the Mechanistic Monetarist Version of the Quantity Theory of Money A Brief Note on the Theory of Rational Expectations Criticism of Keynesian Economics Say's Law of Markets Keynes's Three Arguments On Credit Expansion Keynesian Analysis as a Particular Theory The So-Called Marginal Efficiency of Capital Keynes's Criticism of Mises and Hayek Criticism of the Keynesian Multiplier Criticism of the "Accelerator" Principle The Marxist Tradition and the Austrian Theory of Economic Cycles: The Neo-Ricardian Revolution and the Reswitching Controversy Conclusion Appendix on Life Insurance Companies and Other Non-Bank Financial Intermediaries Life Insurance Companies as True Financial Intermediaries Surrender Values and the Money Supply The Corruption of Traditional Life-Insurance Principles Other True Financial Intermediaries: Mutual Funds and Holding and Investment Companies Specific Comments on Credit Insurance Chapter 8: Central and Free Banking Theory A Critical Analysis of the Banking School The Banking and Currency Views and the School of Salamanca The Response of the English-Speaking World to these Ideas on Bank Money The Controversy Between the Currency School and the Banking School The Debate Between Defenders of the Central Bank and Advocates of Free Banking Parnell's Pro-Free-Banking Argument and the Responses of McCulloch and Longfield A False Start for the Controversy Between Central Banking and Free Banking The Case for a Central Bank The Position of the Currency-School Theorists who Defended a Free-Banking System The "Theorem of the Impossibility of Socialism" and its Application to the Central Bank The Theory of the Impossibility of Coordinating Society Based on Institutional Coercion or the Violation of Traditional Legal Principles The Application of the Theorem of the Impossibility of Socialism to the Central Bank and the Fractional-Reserve Banking System (a) A System Based on a Central Bank Which Controls and Oversees a Network of Private Banks that Operate with a Fractional Reserve (b) A Banking System which Operates with a 100-Percent Reserve Ratio and is Controlled by a Central Bank (c) A Fractional-Reserve Free-Banking System Conclusion: The Failure of Banking Legislation A Critical Look at the Modern Fractional-Reserve Free-Banking School The Erroneous Basis of the Analysis: The Demand for Fiduciary Media, Regarded as an Exogenous Variable The Possibility that a Fractional-Reserve Free-Banking System May Unilaterally Initiate Credit Expansion The Theory of "Monetary Equilibrium" in Free Banking Rests on an Exclusively Macroeconomic Analysis The Confusion Between the Concept of Saving and that of the Demand for Money The Problem with Historical Illustrations of Free-Banking Systems Ignorance of Legal Arguments Conclusion: The False Debate between Supporters of Central Banking and Defenders of Fractional-Reserve Free Banking Chapter 9: A Proposal for Banking Reform: The Theory of a 100-Percent Reserve Requirement A History of Modern Theories in Support of a 100-Percent Reserve Requirement The Proposal of Ludwig von Mises F.A. Hayek and the Proposal of a 100-Percent Reserve Requirement Murray N. Rothbard and the Proposal of a Pure Gold Standard with a 100-Percent Reserve Requirement Maurice Allais and the European Defense of a 100-Percent Reserve Requirement The Old Chicago-School Tradition of Support for a 100-Percent Reserve Requirement Our Proposal for Banking Reform Total Freedom of Choice in Currency A System of Complete Banking Freedom The Obligation of All Agents in a Free-Banking System to Observe Traditional Legal Rules and Principles, Particularly a 100-Percent Reserve Requirement on Demand Deposits What Would the Financial and Banking System of a Totally Free Society be Like? An Analysis of the Advantages of the Proposed System Replies to Possible Objections to our Proposal for Monetary Reform An Economic Analysis of the Process of Reform and Transition toward the Proposed Monetary and Banking System A Few Basic Strategic Principles Stages in the Reform of the Financial and Banking System The Importance of the Third and Subsequent Stages in the Reform: The Possibility They Offer of Paying Off the National Debt or Social Security Pension Liabilities The Application of the Theory of Banking and Financial Reform to the European Monetary Union and the Building of the Financial Sector in Economies of the Former Eastern Bloc Conclusion: The Banking System of a Free Society Bibliography Index of Subjects Index of Names · · · · · · () |
讲的特别好
很不错的书
还行。。。
好书.值得观看.更是值得收藏.