Lessons in Economics, by Professor Jesús Huerta de Soto.

INTRODUCTION TO MACROECONOMICS AND RELATED CONCEPTS

FOURTH PART. CATALLACTICS OR MARKET THEORY

DAY 31 | A CRITIQUE OF MONETARIST AND KEYNESIAN THEORIES
Criticism of Monetarism (the Mythical Concept of Capital, Critique of the Austrian School to Clark and Knight, the Quantity Theory of Money, the Theory of Rational Expectations). Criticism of Keynesian Economics (Model, Multiplier, Interest Rates, the «General Theory», Say Law, Artificial Credit Expansion and Marginal Efficiency of Capital). Two Contrasting Approaches to Economics: Austrians vs Macroeconomists.

CENTRAL AND FREE BANKING THEORIES
The Currency School vs the Banking School. The Theorem of the Impossibility of Socialism and the Central Bank. Conclusion.


http://anarcocapitalista.com/JHS31E.htm