Antony Mueller:
Financial Cycles,
Business Activity, and
Asset Valuation
To start the webcast
click on:
Financial Cycles
The Continental Economics Institute (CEI)
Money, markets and the business cycle in a global perspective based on ordo-libertarian principles
Video Presentation:
Inflation and Deflation
in Capital-Based
Macroeconomics
by Antony Mueller
To start the webcast
click on:
Capital-Based
Macroeconomics

Recent Articles
Antony Mueller:
"Trouble at the Fed"
Antony Mueller:
"Implementing a Regional Gold Standard.
Lessons from European Monetary Integration"
Anais VII Encontro Internacional Forum Universitário
Mercosul. Foz do Iguaçu September 2009, pp. 135-191
Paulo Barcellos and Antony Mueller:
"The Right Move. Market-oriented quality management"
The Ludwig von Mises Institute (ed.):
"The Bailout Reader"
Antony Mueller:
"What's Behind the Financial Market Crisis?"
More Recent Articles
Cash and Currencies
The Continental Economics Currency Review
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Money, Markets, and the Business Cycle
Current comments on currencies, monetary policy, and
financial markets:
continentaleconomics.com/blog
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Working Papers
Monetary Policy and the Business Cycle
Misesian Monetary Economics
Do Current Account Deficits Matter?
Human Action. Epistemology
Capital and Entrepreneurship
The Political Economy of Common Currency
Arrangement. The Euro Experience
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READINGS and RE-READINGS
As timely as ever
A timely re-reading is the analysis of the Great Depression in Banking and the Business Cycle
by T .F. McManus and R. W. Nelson, published in 1937.
From the Foreword: "It is a melancholy fact that each generation must relearn the fundamental principles of
money in the bitter school of experience. The inflationists, it would seem, we always have with us. It is
nevertheless a duty of economists to devote attention to periodic reiteration of the ancient truths of monetary
science; it is necessary to make as familiar as possible the workings of the financial machinery if further
errors are to be avoided in the future. It is to the mismanagement of the monetary mechanism that most of
our recent troubles are chiefly ascribable."
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"America's Great Depression" by Murray N. Rothbard gives an account of the causes of the Great
Depression that is quite different from the story usually told in the textbooks of history and economics.
Unlike Milton Friedman and others, Rothbard finds the origin of the Great Depression in the excessive
credit expansion of the 1920s. Rich in historical details, the book also provides an outline of the Austrian
theory of the business cycle.
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Continue readings and re-readings
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New Media
The basic principle of
ordo-libertarianism is
most clearly expressed
in a phrase by Ludwig
von Mises:
"All that good government
can do to improve the
material well-being of the
masses is to establish
and to preserve an
institutional setting in
which there are no
obstacles to the
progressive
accumulation of new
capital and its utilization
for the improvement of
technical methods of
production." - Planning
for Freedom
Aulas Online em Português Macroeconomia, Economia Internacional, Sociologia Econômica, veja aqui
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Austrian economics as a Theory of Human Action
- Human action is conscious behavior - Human action is purposeful behavior - Human action is tautologically rational - Human valuation is subjective - “Utility” is intentional specific valuation - Human action is ends-means oriented - Human action is active choice - Human action is centered in the personal “I” - Human action is sequential in time and space - Human action is imperfect and incomplete - Human thinking is interior action - Human thinking is imperfect and incomplete Read more
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"There is in the course of human events no stability and consequently no safety." Ludwig von Mises, Human Action
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"What distinguishes the Austrian School and will lend it everlasting fame is its doctrine of economic action, in contrast to one of economic equilibrium or nonaction." - Ludwig von Mises: Notes and Recollections
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