對奧地利學(xué)派的工商業(yè)循環(huán)理論研討
(作者未知) 2010/7/19
(接上頁)張在市場上造成的人為降低的利率只能產(chǎn)生臨時的結(jié)果,而且初始的復(fù)蘇之后會發(fā)生一場表現(xiàn)為商業(yè)和工業(yè)的完全停滯的更深的衰退。除非一切干擾由經(jīng)濟要素的自由作用決定的物價、工資和利率的人為因素永久地消除,經(jīng)濟就不能和諧順利地發(fā)展。
用信用擴張來彌補資本的稀缺的后果或者錯誤的經(jīng)濟政策的效應(yīng)不是銀行的任務(wù)。今天,回到正常的經(jīng)濟形勢被束縛商業(yè)的有害政策、軍備和對戰(zhàn)爭的過分恐懼——更不必說工資的剛性了——耽誤了。但是這一境況不應(yīng)由信貸手段和信用擴張來糾正。
以上我僅僅給出了關(guān)于經(jīng)濟危機的貨幣理論的一個簡要的而且必然是不充分的大綱。不幸的是我無法在本文篇幅的范圍內(nèi)深入進一步的細節(jié);那些對此問題感興趣的人可以在我提到的各種出版物中找到更多的內(nèi)容。
本文原來以"La Theorie dite Autrichienne de Cycle Économique"發(fā)表在Sociéte Belge d’Etudes et d’Expansion (1936): 459-64。由David O’Mahoney和J. Huston McCulloch從法文譯出。
參考文獻:
[1] Knut Wicksell, Interest and Prices, R.F. Kahn, trans. (New York: Augustus M. Kelley, 1965)—Tr.
[2] 關(guān)于經(jīng)濟循環(huán)理論的主要的奧地利學(xué)派的著作[截止1936年]有:Mises, The Theory of Money and Credit (New York: Foundation for Economic Education, 1971; translation of the 2nd German edition, 1924; originally published in 1912); Mises, Monetary Stabilization and Cyclical Policy (1928) reprinted in On the Manipulation of Money and Credit, Percy L. Greaves, ed., Bettina Bien Greaves, trans. (Dobbs Ferry, N.Y.: Free Market Books, 1978; originally published as a monograph in German); Friedrich A. von Hayek, Monetary Theory and the Trade Cycle (New York: Augustus M. Kelley, 1966; reprint of 1933 English edition, originally published in German in 1929); Hayek, Prices and Production (New York: Augustus M. Kelley, 1967; reprint of 1935 2nd revised edition, originally published in 1931); Fritz Machlup, Führer durch die Krisenpolitik (1934); Richard von Strigl, Capital and Production, Margaret Rudelich Hoppe and Hans-Hermann Hoppe, trans. (Auburn, Al: Ludwig von Mises Institute, 1995; translation of the 1934 edition); the best analysis of the actual crisis was made by Sir Lionel Robbins, The Great Depression (Freeport, R.I.: Books for Libraries Press, 1971; reprint of 1934 edition).—Note: citations have been updated in this new edition.]
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