The following body of literature provides a fresh perspective on economics, based on honest money and a robust theory of the productive structure.

Taken together, these works may allow us to rethink economics and deliver stable, sustainable growth for real prosperity.

From Nobel Laureates

• 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 gave support for De Soto at the opening of the session on money at the 1993 meeting of the Mont Pelerin Society: I am seeking proceedings separately.
• 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.

From 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

• 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.

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