Jörg Guido Hülsmann–The Ethics of Money Production–Videos

Posted on January 21, 2010. Filed under: Blogroll, Communications, Economics, Fiscal Policy, government spending, Law, liberty, Life, Links, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves, Taxes, Video, Wisdom | Tags: , , , , , |



Jörg Guido Hülsmann, professor of economics at the University of Angers in France, discusses his recent book, “The Ethics of Money Production.” Recorded at the annual Austrian Scholars Conference, Ludwig von Mises Institute, 12 March 2009. Introduction by Dr. Mark Thornton.

Authors Forum: The Ethics of Money Production

Recorded at the Mises Institute Supporters Summit, 31 October 2008; Auburn, Alabama. Introduction by Mark Thornton. Jörg Guido Hülsmann is a professor of economics at the University of Angers in France. He is the author of “Mises: The Last Knight of Liberalism,” “Kritik der Dominanztheorie” (Critique of F. Perroux’s Theory of Dominant Economies) and of “Logik der Währungskonkurrenz” (The Logic of Currency Competition), and has translated several renowned economics books into German.

The Ethical Rules of Producing Money


The Ethics of Money Production

“…Hulsmann has provided not only a primer in understanding our times, but a dramatic extension of the work of Menger, Mises, Hayek, Rothbard, and others to map out an economically radical and ethically challenging case for the complete separation of money and state, and a case for the privatization of money production. It is a sweeping and learned treatise that is rigorous, scholarly, and radical.

Table of Contents

  • Preface
  • Introduction
    • Money Production and Justice
    • Remarks about Relevant Literature
  • Part 1: The Natural Production of Money
    • Monies
    • The Division of Labor without Money
    • The Origin and Nature of Money
    • Natural Monies
    • Credit Money
    • Paper Money and the Free Market
    • Electronic Money
    • Money Certificates
    • Certificates Physically Integrated with Money
    • Certificates Physically Disconnected from Money
    • Money within the Market Process
    • Money Production and Prices
    • Scope and Limits of Money Production.
    • Distribution Effects
    • The Ethics of Producing Money
    • The Ethics of Using Money
    • Utilitarian Considerations on the Production of Money
    • The Sufficiency of Natural Money Production
    • Economic Growth and the Money Supply
    • Hoarding
    • Fighting Deflation
    • Sticky Prices
    • The Economics of Cheap Money
    • Monetary Stability
    • The Costs of Commodity Money
  • Part 2: Inflation
    • General Considerations on Inflation
    • The Origin and Nature of Inflation
    • The Forms of Inflation
    • Private Inflation: Counterfeiting Money Certificates
    • Debasement
    • Fractional-Reserve Certificates
    • Three Origins of Fractional-Reserve Banking
    • Indirect Benefits of Counterfeiting in a Free Society .
    • The Ethics of Counterfeiting
    • Enters the State: Fiat Inflation through Legal Privileges
    • Treacherous Clerks
    • Fiat Money and Fiat Money Certificates
    • Fiat Inflation and Fiat Deflation
    • Legalized Falsifications
    • Legalizing Debasement and Fractional Reserves
    • The Ethics of Legalizing Falsifications
    • Legal Monopolies
    • Economic Monopolies versus Legal Monopolies
    • Monopoly Bullion
    • Monopoly Certificates
    • The Ethics of Monetary Monopoly
    • Legal-Tender Laws
    • Fiat Equivalence and Gresham’s Law
    • Bimetallism
    • Legal-Tender Privileges for Money Certificates
    • Legal-Tender Privileges for Credit Money
    • Business Cycles
    • Moral Hazard, Cartelization, and Central Banks
    • Monopoly Legal Tender
    • The Ethics of Legal Tender
    • Legalized Suspensions of Payments
    • The Social Function of Bankruptcy
    • The Economics of Legalized Suspensions
    • The Ethics of Legalized Suspensions
    • Paper Money
    • The Origins and Nature of Paper Money
    • Reverse Transubstantiations
    • The Limits of Paper Money
    • Moral Hazard and Public Debts
    • Moral Hazard, Hyperinflation, and Regulation
    • The Ethics of Paper Money
    • The Cultural and Spiritual Legacy of Fiat Inflation
    • Inflation Habits
    • Hyper-Centralized Government
    • Fiat Inflation and War
    • Inflation and Tyranny
    • Race to the Bottom in Monetary Organization
    • Business under Fiat Inflation
    • The Debt Yoke
    • Some Spiritual Casualties of Fiat Inflation
    • Suffocating the Flame
  • Part 3: Monetary Order and Monetary Systems
    • Monetary Order
    • The Natural Order of Money Production
    • Cartels of Credit-Money Producers
    • Fiat Monetary Systems in the Realm of the Nation-State
    • Toward National Paper-Money Producers: European Experiences
    • Toward National Paper-Money Producers: American Experiences
    • The Problem of the Foreign Exchanges
    • International Banking Systems, 1871–1971
    • The Classical Gold Standard
    • The Gold-Exchange Standard
    • The System of Bretton Woods
    • Appendix: IMF and World Bank after Bretton Woods
    • International Paper-Money Systems, 1971– ?
    • The Emergence of Paper-Money Standards
    • Paper-Money Merger: The Case of the Euro
    • The Dynamics of Multiple Paper-Money Standards
    • Dead End of the World Paper-Money Union
  • Conclusion
    • Two Concepts of Capitalism
    • Monetary Reform
    • References
    • Index of Names
    • Index of Subjects

280 pages, hardback, ISBN: 978-1-933550-09-1


Background Articles and Videos

“… Jörg Guido Hülsmann (born May 18, 1966) is a German economist and one of the leading modern-day proponents of the Austrian School, and was heavily influenced by Ludwig von Mises. He is a professor of economics at the University of Angers in France and is a senior faculty member of the Ludwig von Mises Institute.

Hülsmann has translated several English-language economics books into his native tongue, German. He has written scholarly articles in German, English, and French.

Hülsmann has written primarily on monetary theory and monetary reform issues, advocating a non-inflationary gold standard as the only way to control cyclical inflation caused by excessive bank credit creation and is one of the few economists to have written about the complex inter-relationship between money production and ethics.[1][2][3][4][5]

He also wrote a detailed, comprehensive biography of Ludwig von Mises entitled The Last Knight of Liberalism.[6]

He is an anarcho-capitalist within the tradition of Murray Rothbard. …”


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