The Continental Economics Institute Research Program
 | |  | |  | |  | |  |
The objective of The Continental Economics Institute's research program is to identify those institutional settings that promote the attainment of the "progressive accumulation of new capital and its utilization for the improvement of technical methods of production" (Mises) which help to create a humane and prosperous society. Capital-Based Macroeconomics This research project is directed at developing a capital-based business cycle model that integrates aspects that have been left out in the conventional macro models such as entrepreneurship, time, roundaboutness, and a micro-foundation with roots in the economics of the firm. Money and Banking as Promoter and Catalysts of Financial Crises Based on the Misesian theory of money, this project is directed at analyzing the role of modern central banks in their linkage to the fractional reserve system of the commercial banking sector. Transformation of the International Monetary System This research project examines the challenges to the role of the U.S.-dollar as an international reserve and transaction currency with the main focal points directed at the U.S.-monetary policy, the euro, and the Asian and Latin American currency arrangements. The monetary background of trade deficits and their economic consequences are treated. Entrepreneurship and Economic Development This project investigates the role of the entrepreneur as the driving force of economic growth and development. Different from the neoclassical theory and the Schumpeterian view, the basic model of this research is the entrepreneur as a purposeful actor who deals with the uncertainties of roundabout production ventures. This way, aspects are highlighted which often have been left out in economic growth and development theories, such as time, external risks, taxation, the market structure, and government interventions. It is shown that the entrepreneur is the essential factor for economic growth because it is he who envisions new business ideas and puts them at test in the markets by which he receives information and incentives in terms of prices, profit and loss. Governance This research project covers various issues ranging from the breakdown of the modern welfare state to the instability of the international financial system. The common focus is provided by the thesis that the global crisis of governance is mainly the result of state interventionism with its inherent expansion and its tendency towards the destruction of spontaneous institutions. European Monetary Union The political economy of common currency arrangements in Europe, the role of the European Central Bank and its monetary policy. Relationship between trade liberalization and financial movements. Critique of the "optimal currency area" concept. The main thesis of this research project is that the common European currency is not an economic but a political vehicle. The euro is an instrument in the endeavor of the Europeans to regain their global dominance. Support this research program |
| Research Notes Current Working Papers by Antony Mueller 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 Antony P. Mueller e Tiago Roberto Aragão Nacimento: "O papel da política monetária e cambial no processo de integração e desenvolvimento da América Latina. Lições Européias" |
Where to stay in New York City
