Friday, February 1, 2013
Teaching Austrians Endogenous Money
Last semester a couple PhD students in the economics program at George Mason started a Capital Theory Reading group. While the initial bi-weekly meetings were focused on Austrian Business Cycle Theory (ABCT), the discussion has more recently expanded beyond capital theory and into monetary theory. As the proponent of Post-Keynesian monetary economics among a group of Austrians, the conversation occasionally stalls when I try to explain the implications of endogenous money. The other students are, however, open to learning about endogenous money and we have collectively decided to make that subject the central theme of our next meeting.
This post (bleg) is a request for guidance in selecting the best and most appropriate readings to teach endogenous money to Austrians that are largely unfamiliar with the theory. What academic papers or book chapters would you recommend?
Thanks in advance for your help.