Prosperity Amidst Crisis

Wilhelm Hankel, Jean Steinberg

• Foreword -- Preface -- Austria’s Achievements, Unrealized Chances, and Future Possibilities -- Maximal Capital Formation and Planning Data Constancy -- Domestic Fiscal Policy: Global Demand and Selective Structuring -- Balance of Payments Dictates the Money Supply -- Balance of Payments Dictates Income Policy -- A Catalogue of Missed Opportunities -- The Limits of Government Indebtedness -- The Theoretical Background: is Economic Independence Possible? -- Demand (or Money) Illusions -- Terms-of-Trade (or Exchange-Rate) Illusions -- Fact and Fiction of the Euromarkets* -- Soft or Hard Currency? is There a Substitute for Fiscal Policy? -- A World Monetary System within One Country: The Austrian Model -- Summary, Results, and Conclusions -- The Model