Popular Economicsintermediate
Editorial Note
The course syllabus for Fekete's Money and Banking program, published December 2008.
Part One: The Origin of Money
The Axiom of Declining Marginal Utility
Direct versus Indirect Exchange
The Dual Nature of Money
Arbitrage
The Disequilibrium Theory of Price Formation
A Critique of the Quantity Theory of Money
Part Two: The Origin of Interest
The Two Sources of Credit: Saving and Clearing
The Propensity to Save and the Rate of Interest
Exchanging Wealth and Income
The Productivity of Capital versus Time Preference
The Market Process Determining the Rate of Interest
The Structure of Capital Markets
Part Three: The Origin of Discounting
The Bill of Exchange
The Propensity to Consume and the Discount Rate
The Market Process Determining the Discount Rate
The Marginal Productivity of Social Circulating Capital The Discount House and the Acceptance House
The Rise and Fall of Commercial Banking
Part Four: The Fall of and Rise of the Gold Standard 19.
The Error of Ludwig von Mises
Adam Smith’s Real Bills Doctrine
Volume II: Further Readings
The Rise and Fall of Commercial Banking
Illicit Interest Arbitrage: Borrowing Short to Lend Long The Bond Market
The Bill Market
Self-Liquidating Credit
The Origin of the Bank Note
The Bill of the Goldsmith
The Principle of Capitalizing Incomes
gold-standardreal-billsnew-austrian-economicssf-schoolsound-money