Literature

Our ideas are drawn from an extensive body of literature.

Honest money enjoys the support of a wide range of distinguished economists, including Nobel Laureates from three traditions. We are working hard to make available online our comprehensive archive of supporting literature.

We attach particular priority to the following work, but please note that presence in this list does not imply any particular set of views.

Nobel Laureates in Economics

• Milton Friedman: A Program for Monetary Stability (New York: Fordham University Press, 1959).
• Friedrich A Hayek:
  • Money, Capital, and Fluctuations: Early Essays, R. McCloughry, ed.
    (Chicago, Ill.: University of Chicago Press, 1984). Also available from Google Books.
  • Prices and Production and Other Works (Mises 2008).
  • Denationalisation of Money: The Argument Refined (London: Institute of Economic Affairs, 1978).
• James Tobin, Financial Innovation and Deregulation in Perspective (Bank of Japan Monetary and Economic Studies 3 1985).
• Maurice Allais, L’Impôt sur le capital et la réforme monétaire (Paris: Hermann Éditeurs, 1989).
• James Buchanan, who gave support for De Soto at the opening of the session on money at the 1993 meeting of the Mont Pelerin Society. We are currently seeking the proceedings.
• Gary S Becker, A Proposal for Free Banking (Chapter 2 in Free Banking, Modern Theory and Policy, L.H. White).

See also Frederick Soddy, Wealth, Virtual Wealth and Debt (New York: E.P. Dutton, 1927). Soddy won his Nobel Prize in Chemistry.

Other Distinguished Economists

• Irving Fisher, 100 Percent Money (New York: Adelphi Company, 1936 2nd Edition).
• Henry C Simons, Economic Policy for a Free Society (University of Chicago Press , 7th Impression 1973), Chapter VII, “Rules Versus Authorities in Monetary Policy”, pp 160 -183.
• Ludwig von Mises:
  • Theorie des Geldes und der Umlaufsmittel (Munich and Leipzig: Duncker and Humblot, 1912), 2nd ed., 1924; English translation by H.E. Batson, The Theory of Money and Credit (Indianapolis, Ind.: Liberty Classics, 1980); the whole of Part Four, “Monetary Reconstruction”. Also available here.
  • Money, Method and the Market Process: Essays by Ludwig von Mises, R.M. Ebeling, ed. (Dordrecht, Holland: Kluwer Academic Publishers, 1990), pp 78-95 especially page 90. Also available here.
  • “The Aims and Method of Cyclical Policy VIII. Revised Currency School Theory”, pp 149 – 150 in The Causes of the Economic Crisis and Other Essays Before and After the Great Depression (Mises Institute 2006).
• M N Rothbard:
  • The Mystery of Banking, (2nd Edition, Mises) Especially “XVII. Conclusion: The bresent banking situation and what to do about it”.
  • The Case for a 100 Percent Gold Dollar (Auburn, Ala.: Ludwig von Mises Institute, 1991).
• George Reisman, Capitalism.
• Jésus Huerta De Soto, Money, Bank Credit, & Economic Cycles, Chapter 9 “A Proposal for Banking Reform” (Mises Institute 2006). Also available from the IEA.
• Peter Lewin, Capital in Disequilibrium: The Role of Capital in a Changing World. Also available from Google Books.
• Steven Horwitz, Microfoundations and Macroeconomics: An Austrian Perspective (Foundations of the Market. Also available from Google Books.
• Tyler Cowen, Risk and Business Cycles: New and Old Austrian Perspectives. Also available from Google Books.
• Roger Garrison, Time and Money: The Macroeconomics of Capital Structure. Also available from Google Books.

Historical Precedent

• The Bank Charter Act 1844 — “The Peel Act”.
• Frank Whitson Fetter, Development of British Monetary Orthodoxy 1797 – 1875. The 1844 Bank Charter Act is described in Chapter VI, “Currency and Banking School Controversy and the Bank Acts of 1844 and 1845,” pp 165 – 197.