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Money, Sound and Unsound Hardcover – August 19, 2010

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Product Details

  • Hardcover: 672 pages
  • Publisher: Ludwig von Mises Institute (August 19, 2010)
  • Language: English
  • ISBN-10: 1933550937
  • ISBN-13: 978-1933550930
  • Product Dimensions: 9.1 x 6.1 x 1.7 inches
  • Shipping Weight: 2.4 pounds (View shipping rates and policies)
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #1,852,497 in Books (See Top 100 in Books)

Editorial Reviews


The doyen of Austrian monetary economics, Prof. Joseph Salerno, has produced a great contribution to scholarship -- one that merits careful study. Even though I don't endorse all of Prof. Salerno's analyses and embrace all of his conclusions, every chapter in his anthology is lucid, interesting, reflective and thought-provoking. - Steven Hanke, The Johns Hopkins University

--Johns Hopkins University

A must-read in these times of monetary and financial crisis. Joseph Salerno is a grand master of monetary economics, unparalleled in combining state-of-the-art theory with profound knowledge of the history of economic thought, and a balanced judgment of policy issues. - Jorg Guido Hulsmann, University of Paris, Angers

--University of Paris, Angers

It is the questions asked as much as the answers given that make this such an excellent collection. The articles combine deep historical knowledge, a penetrating grasp of the relevant theory and a strikingly clear writing style to shed light on a host of issues that need to be better understood if we are to get out of, and thereafter stay out of, the economic problems traditional policies continuously create. - Steven Kates, RMIT University, Melbourne, Australia

--RMIT University, Melbourne, Australia

About the Author

Money, Sound and Unsound by Joseph Salerno is modern Austrian monetary economics at its best. It appears at a time when monetary policy is about to commit again all the errors of the past that are so clearly exposed in this book. - Antony Mueller, Instituto Ludwig von Mises Brasil

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Most Helpful Customer Reviews

4 of 6 people found the following review helpful By Economics9698 on January 10, 2012
Format: Hardcover Verified Purchase
This book is a excellent review of different economists and monetary theories. One criticism of the book is that the reader must have a very high understanding of economics to fully grasp the subject matter. For example indifference curves are taught in some basic economic classes, but even if the reader has been exposed to the material there are no examples in the book. What if the reader does not know what a indifference curve is?

There needs to be examples in the book. Draw some indifference curves for the reader.

The same goes for equations like Irving Fisher's "Quantity Theory" equation of MV = PQ. Write it out and explain to the reader what it is.

This is a excellent book for knowledgeable readers with a very high degree of education, but it does not bring a lot of the concepts down to the average persons level like a good Rothbard book does.

Rothbard throws numbers at you right and left, he explains concepts, and does a good job bringing the subject down to where a average person can understand most of the commentary. Read his classic "America's Great Depression." Rothbard spends quite a bit of time preparing the reader for the body of his text with a brilliant introduction into Austrian economic thinking.

This book is extremely valuable and for the next edition the publisher should add more equations, graphs, and explanation of the subject matter so the average person of some intellectual talent can pick it up and thoroughly understand all the concepts.

Not as important, I would have preferred more segregation of monetary thinking between differing view points.
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1 of 2 people found the following review helpful By Indikos on January 18, 2014
Format: Hardcover Verified Purchase
The reader should be very well versed in economics to understand this book.
I have graduate degrees in mathematics, but I could not follow this book.
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