Read Money, Bank Credit, and Economic Cycles online free

Chapters

1. Copyright87 words
2. Preface to the English-Language Edition191 words
3. Preface to the Second Spanish Edition554 words
4. Introduction2,771 words
5. Chapter 1: The Legal Nature of the Monetary Irregular-Deposit Contract8,015 words
6. Chapter 2: Historical Violations of the Legal Principles Legal Principles Governing the Monetary Irregular-Deposit Contract154 words
7. 1. Introduction785 words
8. 2. Banking in Greece and Rome3,697 words
9. 3. Bankers in the Late Middle Ages4,171 words
10. 4 BANKING DURING THE REIGN OF CHARLES V AND THE DOCTRINE OF THE SCHOOL OF SALAMANCA695,012 words
11. 5 A NEW ATTEMPT AT LEGITIMATE BANKING: THE BANK OF AMSTERDAM. BANKING IN THE SEVENTEENTH AND EIGHTEENTH CENTURIES THE BANK OF AMSTERDAM4,625 words
12. Chapter 3: Attempts to Legally Justify Fractional-Reserve Banking13,693 words
13. Chapter 4: The Credit Expansion Process184 words
14. 1. Introduction1,272 words
15. 2. The Bank's Role as a True Intermediary in the Loan Contract1,356 words
16. 3. The Bank's Role in the Monetary Bank-Deposit Contract1,138 words
17. 4. The Effects Produced by Bankers' Use of Demand Deposits: The Case of an Individual Bank6,418 words
18. 5. Credit Expansion and New Deposit Creation by the Entire Banking System1,147 words
19. 6 A FEW ADDITIONAL DIFFICULTIES WHEN EXPANSION IS INITIATED SIMULTANEOUSLY BY ALL BANKS2,761 words
20. 7. The Parallels Between the Creation of Deposits and the Issuance of Unbacked Banknotes2,075 words
21. 8. The Credit Tightening Process2,012 words
22. Chapter 5: Bank Credit Expansion and Its Effects on the Economic System296 words
23. 1. The Foundations of Capital Theory11,164 words
24. 2 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 SAVING7,041 words
25. 3. The Effects of Bank Credit Expansion Unbacked by an Increase in Saving: The Austrian Theory or Circulation Credit Theory of the Business Cycle6,721 words
26. 4. Banking, Fractional-Reserve Ratios and the Law of Large Numbers2,579 words
27. Chapter 6: Additional Considerations on the Theory of the Business Cycle72 words
28. 1. Why no Crisis Erupts when New Investment is Financed by Real Saving (And Not by Credit Expansion)657 words
29. 2. The Possibility of Postponing the Eruption of the Crisis: The Theoretical Explanation of the Process of Stagflation1,036 words
30. 3. Consumer Credit and the Theory of the Cycle663 words
31. 4. The Self-Destructive Nature of the Artificial Booms Caused by Credit Expansion: The Theory of "Forced Saving"848 words
32. 5. The Squandering of Capital, Idle Capacity and Malinvestment of Productive Resources695 words
33. 6. Credit Expansion as the Cause of Massive Unemployment396 words
34. 7. National Income Accounting is Inadequate to Reflect the Different Stages in the Business Cycle271 words
35. 8. Entrepreneurship and the Theory of the Cycle905 words
36. 9. The Policy of General-Price-Level Stabilization and its Destabilizing Effects on the Economy1,311 words
37. 10. How to Avoid Business Cycles: Prevention of and Recovery from the Economic Crisis1,963 words
38. 11. The Theory of the Cycle and Idle Resources: Their Role in the Initial Stages of the Boom690 words
39. 12. The Necessary Tightening of Credit in the Recession Stage: Criticism of the Theory of "Secondary Depression"2,615 words
40. 13. The "Manic-Depressive" Economy: The Dampening of the Entrepreneurial Spirit and Other Negative Effects Recurring Business Cycles Exert on the Market Economy705 words
41. 14. The Influence Exerted on the Stock Market by Economic Fluctuations1,317 words
42. 15. Effects the Business Cycle Exerts on the Banking Sector391 words
43. 16. Marx, Hayek and the View that Economic Crises are Intrinsic to Market Economies1,257 words
44. 17. Two Additional Considerations496 words
45. 18. Empirical Evidence for the Theory of the Cycle6,987 words
46. Chapter 7: A Critique of Monetarist and Keynesian Theories169 words
47. 1. Introduction538 words
48. 2 ACRITIQUE OF MONETARISM THE MYTHICAL CONCEPT OF CAPITAL5,069 words
49. 3. Criticism of Keynesian Economics6,331 words
50. 4. The Marxist Tradition and the Austrian Theory of Economic Cycles: The Neo-Ricardian Revolution and the Reswitching Controversy852 words
51. 5. Conclusion776 words
52. 6. Appendix on Life Insurance Companies and Other Non-Bank Financial Intermediaries3,599 words
53. Chapter 8: Central and Free Banking Theory314 words
54. 1. A Critical Analysis of the Banking School6,934 words
55. 2. The Debate Between Defenders of the Central Bank and Advocates of Free Banking3,651 words
56. 3. The "Theorem of the Impossibility of Socialism" and its Application to the Central Bank6,387 words
57. 4. A Critical Look at the Modern Fractional-Reserve Free-Banking School7,442 words
58. 5. Conclusion: The False Debate between Supporters of Central Banking and Defenders of Fractional-Reserve Free Banking299 words
59. Chapter 9: A Proposal for Banking Reform: The Theory of a 100-Percent Reserve Requirement178 words
60. 1. A History of Modern Theories in Support of a 100-Percent Reserve Requirement3,863 words
61. 2. Our Proposal for Banking Reform1,634 words
62. 3. An Analysis of the Advantages of the Proposed System3,664 words
63. 4. Replies to Possible Objections to our Proposal for Monetary Reform6,997 words
64. 5. An Economic Analysis of the Process of Reform and Transition toward the Proposed Monetary and Banking System3,623 words
65. 6. Conclusion: The Banking System of a Free Society2,214 words
66. Bibliography109,319 words
67. Index of Subjects2,369 words
68. Index of Names1,459 words