A History of Money and Banking in the United States pdf free download

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A History of Money and Banking in the United States pdf free download

A History of Money and Banking in the United States pdf free download. In this volume, Murray Rothbard has given us a comprehensive history of money and banking in the United States, from colonial times to World War II, the first to explicitly use the interpretive framework of Austrian monetary theory. But even aside from the explicitly Austrian theoretical framework under-girding the historical narrative, this book does not “look” or “feel” like standard economic histories as they have been writ-ten during the past quarter of a century, under the influence of the positivistic “new economic history” or “cliometrics.” The focus of this latter approach to economic history, which today completely dominates this field of inquiry, is on the application of high-powered statistical methods to the analysis of quantitative economic data.

A History of Money and Banking in the United States pdf free download

What profoundly distinguishes Rothbard’s approach from the prevailing approach is his insistence upon treating economic quantities and processes as unique and com-plex historical events. Thus, he employs the laws of economic theory in conjunction with other relevant disciplines to trace each event back to the nonquantifiable values and goals of the particular actors involved.

A History of Money and Banking in the United States pdf free download

In Rothbard’s view, economic law scan be relied upon in interpreting these nonrepeatable historical events because the validity of these laws—or, better yet, their truth—can be established with certainty by praxeology, a science based on the universal experience of human action that is logically anterior to the experience of particular historical episodes.1It is in this sense that it can be said that economic theory is an a priori science.

A History of Money and Banking in the United States pdf free download

A History of Money and Banking in the United States pdf free download


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