Present-day Austrian economists are not the first to point out that interventionism makes money unsightly and unreliable. Rather, they uphold a tradition of many centuries that includes illustrious economists such as Murray Rothbard, Ludwig von Mises, Carl Menger, Frédéric Bastiat, William Gouge, John Wheatley, Etienne de Condillac, and Thomas de Azpilcueta. In fact, this tradition can be traced back right to the very founding father of monetary economics, the great Nicholas Oresme. [FULL ARTICLE]
Source link: http://archive.mises.org/2010/nicholas-oresme-and-the-first-monetary-treatise/
Nicholas Oresme and the First Monetary Treatise
Previous post: Now Online: The Block-Epstein debate!
Next post: Ballots or Stocks?



{ 1 comment }
Hello,
Allow me to thank you for that wonderful and enlightening introduction to Oresme. I am a firm believer in gold-backed money, but with no economics training, and sometimes struggle to explain to my wife why I place so much of our savings in gold. Articles like this one (and your reprint of Bastiat’s dialog) provide explanations that are straightforward and free of 20th-century economic jargon and politics.
Comments on this entry are closed.