Responding to Geochartalism: Did Mosler Complete Menger?

About this episode

Bob critiques a new working paper on geochartalism and discusses Mises' contributions to monetary theory.

Bob responds to a new working paper from the Geo-chartalism project, which claims to offer a complete theory of the price level by combining insights from Menger, Cantillon, and Warren Mosler. Bob argues that the paper overlooks a crucial prior contribution: Mises' regression theorem, developed in The Theory of Money and Credit , which already solved the circularity problem in monetary theory that the paper claims required Mosler to resolve. Along the way, Bob also explains chartalism, Georgism, and Mises's explanation of the absolute price level. Related: Bob's Paper Critiquing Kevin Carson's Studies in Mutualist Political Economy: Mises.org/HAP548a George Charles, “The Mosler-Cantillon-Menger Synthesis”: Mises.org/HAP548b MMT vs. Austrian School Debate: Mises.org/HAP548c The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

People in this episode

Host: Bob

Topics covered

• geochartalism
• monetary theory
• price level
• Mises' regression theorem
• chartalism
• Georgism

Keywords

• geochartalism
• Menger
• Mosler
• price level
• Mises
• regression theorem
• chartalism
• Georgism

Sponsors

Mises Institute

Mentioned in this episode

Organizations: Mises Institute

Books & works: The Theory of Money and Credit, Studies in Mutualist Political Economy, Hayek for the 21st Century

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