MONETARY POLICY AS A PROCESS OF SEARCH

Author(s): GABRIELA BOBORA
Journal: Analysis and Metaphysics
ISSN: 1584-0778
Year: 2005
Volume: 4
Issue: 2
Full text: http://www.denbridgepress.com/am_abstract.php?a=50
Publisher: Denbridge Press - New York
Abstract: Reisman demonstrates how the negative effects of multiple controls feed into one another and multiply the chaos. Schumpeter sunders capital completely from its embodiment in capital goods, and limits the concept to only a money fund used to purchase those goods. Von Mises argues that only free-market prices could accurately represent the value of goods foregone, and that without such prices, rational economic calculation is impossible.