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Peter G. Klein

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Peter G. Klein

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Peter G. Klein

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Peter G. Klein

This chapter utilizes the economic theory of organizations to provide an analysis of central banking and the U.S. Federal Reserve System. Challenges to independent central banking systems such as information issues regarding the optimal quantity of money for society and bureaucratic issues are explored. The role and performance of the Federal Reserve leading up to the Great Recession and during the aftermath are assessed. Federal Reserve independence and power are explored. The chapter debates the need for a central bank, ultimately concluding with a discussion of alternatives to the current state of central banking. Keywords: Monetary policy, Federal Reserve, entrepreneurship

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Peter G. Klein and Sandra K. Klein

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Edited by Nicolai J. Foss and Peter G. Klein

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Nicolai J. Foss and Peter G. Klein

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Entrepreneurship and the Firm

Austrian Perspectives on Economic Organization

Edited by Nicolai J. Foss and Peter G. Klein

While characteristically ‘Austrian’ themes such as entrepreneurship, economic calculation, tacit knowledge and the temporal structure of capital are clearly relevant to the business firm, Austrian economists have said relatively little about management, organization, and strategy. This innovative book features 12 chapters that all seek to advance the understanding of these issues by drawing on Austrian ideas.
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Edited by Peter G. Klein and Michael E. Sykuta