Auburn, AL, Estados Unidos : Ludwig von Mises Institute, c2008.

xi, 280 p. ; 24 cm.

1. Money production and justice. -- 2. Remarks about relevant literature. -- I. The natural production of money. -- 1. Monis. -- 2. Money certificates. -- 3. Money within the market process. -- 4. Utilitarian considerations on the production of money. -- II. Inflation. -- 5. General considerations on inflation. -- 6. Private inflation: counterfeiting money certificates. -- 7. Enters the state: Fiat inflation through legal privileges. -- 8. Legalized falsifications. -- 9. Legal monopolies. -- 10. Legal-tender laws. -- 11. Legalized suspensions of payments. -- 12. Paper money. -- 13. The cultural and spiritual legacy of Fiat inflation. -- III. Monetary order and monetary systems. -- 14. Monetary order. -- 15. Fiat monetary systems in the realm of the nation-state. -- 16. International banking systems, 1871-1971. -- 17. International paper-money systems, 1971-? --

Tomado de Amazon: "This pioneering work by Jörg Guido Hülsmann is the first full study of a critically important issue today: the ethics of money production. He is speaking not in the colloquial sense of the phrase "making money," but rather the actual production of money as a commodity in the whole economic life. The choice of the money we use in exchange is not something that needs to be established and fixed by government. In fact, his thesis is that a government monopoly on money production and management has no ethical or economic grounding at all. Legal tender laws, bailout guarantees, tax-backed deposit insurance, and the entire apparatus that sustains national monetary systems, has been wholly unjustified. Money, he argues, should be a privately produced good like any other, such as clothing or food. In arguing this way, he is disputing centuries of assumptions about money for which an argument is rarely offered. People just assume that governments or central banks operating under government control should manage money. Hulsmann explores monetary thought from the ancient world through the Middle Ages to modern times to show that the monopolists are wrong. There is a strong case in both economic and ethical terms for the idea that money production should be wholly private. He takes on the "stabilization" advocates to show that government management doesn't lead to stability but to inflation and instability. He goes further to argue against even the theoretical case for stabilization, to say that money's value should be governed by the market, and that the costs associated with private production are actually an advantage. He chronicles the decline of money once nationalized, from legally sanctioned counterfeiting to the creation of paper money all the way to hyperinflation. In his normative analysis, the author depends heavily on the monetary writings of 14th-century Bishop Nicole Oresme, whose monetary writings have been overlooked even by historians of economic thought. He makes a strong case that "paper money has never been introduced through voluntary cooperation. In all known cases it has been introduced through coercion and compulsion, sometimes with the threat of the death penalty.... Paper money by its very nature involves the violation of property rights through monopoly and legal-tender privileges."

9781933550091

Incluye bibliografía (Pp. 243-256).

Título en español: La ética de la producción del dinero. También disponible en formato impreso en la Biblioteca Ludwig von Mises.