| Money, Method, and the Market Process
This volume might be called the Mises Reader, for it contains a wide sampling of his academic essays on money, trade, and economic systems. Some of them, like "Observations on the Cooperative Movement," have not been published previously. Others, like "The Idea of Liberty is Western," have already made their mark on intellectual history. Brought together by Mrs. Mises after her husband's death, and edited with an introduction by Richard Ebeling, this volume fills an important gap in providing an overview of his best academic work. For that reason, this book is already widely used in graduate courses and seminars on the resurgence of the Austrian School. The twenty-one essays included in this volume are: Social Science and Natural Science
The Treatment of "Irrationality"
Epistemological Relativism in the Sciences of Human Action
The Position of Money among Economic Goods
The Non-Neutrality of Money
The Suitability of Methods of Ascertaining Changes in Purchasing Power for the Guidance of International Currency and Banking Policy
The Great German Inflation
Senior's Lectures on Monetary Problems
The Disintegration of the International Division of Labor
Autarky and its Consequences
Economic Nationalism and Peaceful Economic Cooperation
The Plight of Underdeveloped Nations
Capitalism versus Socialism
On Equality and Inequality
The Clash of Group Interests
A Hundred Years of Marxian Socialism
Observations on the Russian Reform Movement
Observations on the Cooperative Movement
Some Observations on Current Economic Methods and Policies
The Role of Doctrines in Human History
The Idea of Liberty is Western
ISBN 0-945466-06-4
Trade paperback, 325 pp.
ECB: To Closely Monitor Liquidity Conditions Amid Market Tension
FRANKFURT -(Dow Jones)- The European Central Bank Thursday said it will continue "to closely monitor liquidity conditions" in light of tensions in the interbank euro money markets. The ECB "notes tensions in short-term rates as the end-of-quarter approaches, notwithstanding the ample liquidity conditions," it said in an unscheduled announcement, adding that it "stands ready to provide additional liquidity if needed." Overnight money market rates Thursday continue to exceed the ECB's comfort level of around 4%. At 0845, overnight rates were at 4.04%-4.15%, and traders said they are unlikely to ease before banks close the quarter on Monday. The ECB aims to steady overnight cash rates in line with the minimum bid rate at its main refinancing operations. Three-month Euribor broke above the 4.70% mark on Wednesday and the rate isn't expected to fall back at Thursday's fixing, traders said.
Don't Settle for Low Yields
Wells Fargo brokerage recently instituted a policy that directs all cash in a brokerage account into its Wells Fargo Cash Sweep. Interest paid varies based on the total account value -- from 0.3% for little guys to 3.25% for big-money accounts. In the past, account holders could have the money swept into accounts paying higher rates. I'm a little-to-middle guy, and this will cost me nearly $1,000 per year if I don't actively move the cash. Wells Fargo says this is an industrywide change. Is that true? Is there anything I can do? .
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