0
Your cart

Your cart is empty

Books > Business & Economics > Economics

Buy Now

The Tragedy of the Euro (Large Print Edition) (Large print, Paperback, Large type / large print edition) Loot Price: R309
Discovery Miles 3 090
The Tragedy of the Euro (Large Print Edition) (Large print, Paperback, Large type / large print edition): Jesus Huerta De Soto

The Tragedy of the Euro (Large Print Edition) (Large print, Paperback, Large type / large print edition)

Jesus Huerta De Soto; Philipp Bagus

 (sign in to rate)
Loot Price R309 Discovery Miles 3 090

Bookmark and Share

Expected to ship within 10 - 15 working days

LARGE PRINT EDITION More at LargePrintLiberty.com
Philipp Bagus, professor of economics at Universidad Rey Juan Carlos in Madrid, is a young scholar with a large influence, having forecast all the problems with the Euro and having persuaded many economists on the Continent that this currency is no better than any fiat currency. In some ways it is much worse because it has cartelized the management of European monetary regimes and created a terrible moral hazard. We often hear analysis of the workings of the Fed. Discussion of the European Central Bank is more rare. Bagus compares the two institutions to show a fundamental difference. Member states of the ECB can run deficits and expect them to be financed by the ECB. This is not true with the Fed. So Europe has a tragedy of the commons at work with its monetary policy that sets up very dangerous incentives for member states. For this reason, the system is unworkable. With this book, Professor Bagus brings his scholarship to English readers, explaining the background to the idea of European unity and its heritage of sound money. He explains that the Euro is not what the older classical liberals had hoped for but instead is a politically managed money that is destined for failure. He writes with a keen sense for economic analytics and empirical detail, offering one of the most accessible and yet rigorous accounts of the emergence of the Euro. He predicts its downfall due to political pressures, bad banking practices, and exploding public-sector liabilities. The analogies with the dollar are indeed close, but with welfare states at a more advanced stage, it will be a race to see which paper currency will crumble first. Professor Bagus brings theoretical power to investigating one of the most important topics in economics today. His arguments and evidence convinced even Jesus Huerta de Soto to withdraw support for the Euro. For this reason, de Soto has written the introduction to this important work.

General

Imprint: Createspace Independent Publishing Platform
Country of origin: United States
Release date: 2012
First published: 2012
Contributors: Jesus Huerta De Soto
Authors: Philipp Bagus
Dimensions: 280 x 216 x 11mm (L x W x T)
Format: Paperback - Trade
Pages: 198
Edition: Large type / large print edition
ISBN-13: 978-1-4792-9675-0
Categories: Books > Business & Economics > Economics > General
LSN: 1-4792-9675-9
Barcode: 9781479296750

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!

Partners