The Gold Standard

by Llewellyn H. Rockwell Jr. (Editor), Murray N. Rothbard, Hans F. Sennholz

Seminal essays on the ideal monetary system. Includes Murray Rothbard's essay arguing that Mises's regression theorem refutes the Hayekian competitive currency scheme. Hans F. Sennholz surveys the pro-gold monetary writings of Carl Menger. Roger Garrison addresses the Friedmanite criticism that a gold standard is too costly. Richard Ebeling examines Ludwig von Mises's views on gold. Lawrence White merges free banking with the gold standard. And Ron Paul provides a political agenda showing that gold and freedom are inseparable.

Genres: Economics

147 pages, Paperback

First published January 1, 1985

About the author

Llewellyn H. Rockwell, Jr., former editorial assistant to Ludwig von Mises and congressional chief of staff to Ron Paul, is founder and chairman of the Mises Institute, executor for the estate of Murray N. Rothbard, and editor of LewRockwell.com.

[source: lewrockwell.com]

Reviews

[Fred Kohn]

I read this book hoping to get some perspective into the minds of those who believe the gold standard to be superior to fiat currency. In this I was disappointed. The writers all clearly believed that whoever read these essays would already have knowledge of detailed arguments pro and con, and would have already decided that fiat currency was deeply flawed. Nevertheless I was able to glean some insight and so I don't consider reading this book time wasted. If you are interested in this book and want to save some time, I would recommend skipping the first essay by Rothbard and the last essay by Ron Paul as they are definitely more doctrinaire and lacking in content than the other essays.

[ziombel]

It is a collection of essays on the gold standard. The authors describe different versions of the gold standard and present a proposal to the transition to gold monetary system. Also they fend off criticism of opponents of the gold standard.
//polish
Jest to zbiór esejów o standardzie złota. Autorzy opisują różne wersje standardów złota oraz przedstawiają propozycję przejścia na złoty system pieniężny. Odpierają także krytykę przeciwników standardu złota.

[Jean-pierre De villiers]

There are a couple good essays in here, but it's not the best book on the subject.

[José Joaquín Fernández]

Not all essays in this book are worth reading but the ones that are good, must be read.