The Diagrams

Bischoff / SF School

The Three Axioms

Fekete / Menger / Bischoff

Money vs. Currency

Carl Menger

Origin and Nature of Money

Carl Menger

Marginal Utility

Antal Fekete

Gold Basis and Co-Basis

Antal Fekete

Permanent Backwardation

Antal Fekete

Real Bills Doctrine

Antal Fekete

Theory of Interest

Mises / Hayek

The Business Cycle

Böhm-Bawerk / Hayek

The Structure of Production

Friedrich Hayek

The Price Signal

Two Failures a Year

FDIC Bank Failures by Year

40 U.S. Metros

Metro Saleability Map

The Credential That Could Not Compound

Tuition vs. CPI vs. Wages

The Lag

Hormuz Propagation Timeline

Commercial Real Estate 2026

CRE Fire Sales vs. Extend-and-Pretend

AI and the Mengerian Inversion

Labor Saleability Inversion

The Dossier Economy

Framework Definitions

The Dossier Economy

Data Linkage Network

130 Words and a Task Force

FOMC Statement Word Count · 1994–2026

Coin, Bills, Bonds

The Golden Triangle

Coin, Bills, Bonds

Destruction of the Golden Triangle · 1914–1971

Margin Above 100%

Paper Derivative vs. Physical Clearing

Margin Above 100%

China Gold Margin Escalation · 2026

The 2026 Failure Cluster

Airline Propagation Chain

Spirit and the Cluster

The 2026 Airline Failure Cluster

$40 Billion, Zero Policies

Substitute-Layer Failure

$40 Billion, Zero Policies

DFC Hormuz Facility Timeline

Navigating the Substitute Layer

The Saver's Choice Architecture

Navigating the Substitute Layer

The Rule of 72 · Doubling and Halving

The Rhetoric and the Reality

Seven Variants of Universal Distribution

The Rhetoric and the Reality

AI Displacement · Rhetoric vs. Reality

Menger, Fekete, and Universal Distribution

The Janus-Face of Marketability

Why QTM-Based Hyperinflation Predictions Failed

The Velocity Collapse · 2008–2025

The Delivery Mechanism

The Third-Order Beneficiary, Scaled

The Delivery Mechanism

The CBDC Global Trajectory · Mid-2026

Introduction

Introduction — Economics and Praxeology

Part One: Human Action

Chapter I — Acting Man

Part One: Human Action

Chapter II — The Epistemological Problems of the Sciences of Human Action

Part One: Human Action

Chapter III — Economics and the Revolt Against Reason

Part One: Human Action

Chapter IV — A First Analysis of the Category of Action

Part One: Human Action

Chapter V — Time

Part One: Human Action

Chapter VI — Uncertainty

Part One: Human Action

Chapter VII — Action Within the World

Part Two: Action Within the Framework of Society

Chapter VIII — Human Society

Part Two: Action Within the Framework of Society

Chapter IX — The Role of Ideas

Part Two: Action Within the Framework of Society

Chapter X — Exchange Within Society

Part Three: Economic Calculation

Chapter XI — Valuation Without Calculation

Part Three: Economic Calculation

Chapter XII — The Sphere of Economic Calculation

Part Three: Economic Calculation

Chapter XIII — Monetary Calculation as a Tool of Action

Part Four: Catallactics

Chapter XIV — The Scope and Method of Catallactics

Part Four: Catallactics

Chapter XV — The Market

Part Four: Catallactics

Chapter XVI — Prices

Part Four: Catallactics

Chapter XVII — Indirect Exchange

Part Four: Catallactics

Chapter XVIII — Action in the Passing of Time

Part Four: Catallactics

Chapter XIX — The Rate of Interest

Part Four: Catallactics

Chapter XX — Interest, Credit Expansion, and the Trade Cycle

Part Four: Catallactics

Chapter XXI — Work and Wages

Part Four: Catallactics

Chapter XXII — The Nonhuman Original Factors of Production

Part Four: Catallactics

Chapter XXIII — The Data of the Market

Part Four: Catallactics

Chapter XXIV — Harmony and Conflict of Interests

Part Five: Social Cooperation Without a Market

Chapter XXV — The Imaginary Construction of a Socialist Society

Part Five: Social Cooperation Without a Market

Chapter XXVI — The Impossibility of Economic Calculation Under Socialism

Part Six: The Hampered Market Economy

Chapter XXVII — The Government and the Market

Part Six: The Hampered Market Economy

Chapter XXVIII — Interference by Taxation

Part Six: The Hampered Market Economy

Chapter XXIX — Restriction of Production

Part Six: The Hampered Market Economy

Chapter XXX — Interference with the Structure of Prices

Part Six: The Hampered Market Economy

Chapter XXXI — Currency and Credit Manipulation

Part Six: The Hampered Market Economy

Chapter XXXII — Confiscation and Redistribution

Part Six: The Hampered Market Economy

Chapter XXXIII — Syndicalism and Corporativism

Part Six: The Hampered Market Economy

Chapter XXXIV — The Economics of War

Part Six: The Hampered Market Economy

Chapter XXXV — The Welfare Principle Versus the Market Principle

Part Six: The Hampered Market Economy

Chapter XXXVI — The Crisis of Interventionism

Part Seven: The Place of Economics in Society

Chapter XXXVII — The Nondescript Character of Economics

Part Seven: The Place of Economics in Society

Chapter XXXVIII — The Place of Economics in Learning

Part Seven: The Place of Economics in Society

Chapter XXXIX — Economics and the Essential Problems of Human Existence