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  1. added 2020-01-08
    A Monetary Case for Value-Added Negative Tax.Michael Kowalik - 2015 - Real-World Economics Review 2015 (70):80-91.
    We address the most fundamental yet routinely ignored issue in economics today: that of distributive impact of the monetary system on the real economy. By re-examining the logical implications of token re-presentation of value and Irving Fisher’s theory of exchange, we argue that producers of value incur incidental expropriation of wealth associated with the deflationary effect that new value supply has on the purchasing power of money. In order to remedy the alleged inequity we propose a value-added negative tax (VANT) (...)
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  2. added 2019-06-12
    Book Review: PATEL R. & MOORE J.W. A History of the World in Seven Cheap Things: A Guide to Capitalism, Nature, and the Future of the Planet. [REVIEW]Cristian Timmermann - 2019 - Acta Bioethica 25 (1):141-142.
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  3. added 2018-01-10
    Gary Becker on Free Banking.Ludwig van den Hauwe - 2010 - Journal of Libertarian Studies 22 (1):437-470.
    Gary Becker´s 1956 paper about free banking was originally intended as a reaction to the 100-percent reserve proposals that were then popular at the University of Chicago. Today the original paper clearly illustrates how considerably our views and theories about free banking have evolved in the past 50 years. This development is to a considerable extent the result of the work and the writings of economists of the Austrian School. Pascal Salin is one of the most prominent members of the (...)
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  4. added 2014-09-16
    Representational Monetary Identity.Mirelo Deugh Ausgam Valis - 2013 - Lulu.
    Whenever debt is itself money, this money becomes a self-inflating debt principal by already being its own interest. Hence modern inflation, deflation, and eventual monetary crises. Yet why does money become debt? The concept of representational monetary identity answers to precisely this question.
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  5. added 2014-09-09
    Why Macroeconomics Does Not Supervene on Microeconomics.Brian Epstein - 2014 - Journal of Economic Methodology 21 (1):3-18.
    In recent years, the project of providing microeconomic foundations for macroeconomics has taken on new urgency. Some philosophers and economists have challenged the project, both for the way economists actually approach microfoundations and for more general anti-reductionist reasons. Reductionists and anti-reductionists alike, however, have taken it to be trivial that the macroeconomic facts are exhaustively determined by microeconomic ones. In this paper, I challenge this supposed triviality. I argue that macroeconomic properties do not even globally supervene on microeconomic ones. This (...)
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  6. added 2014-02-15
    A Hayekian Explanation of Hayek's 'Epistemic Turn'.Scott Scheall - 2015 - Economic Thought 4 (2):32.
    The present essay aims to account for F.A. Hayek's oft-noted 'turn' away from technical economics to concerns of a more philosophical nature. In particular, the paper seeks an explanatory principle that reconciles various elements of both continuity and discontinuity in Hayek's intellectual development, especially with respect to the evolution of his arguments concerning economic fluctuations. The essay uncovers such an explanatory principle in Hayek's own methodology of sciences of complex phenomena. According to this principle, an inquirer who confronts phenomena too (...)
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