• Hankey & Bagehot

    Origins of Modern Central Banking
    Edited with an Introduction by Henry Lewis
    Axios Press, 2015. Paperback, 174 pages. $10.00
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    In 2008 we witnessed the failures of such giant financial organizations as Lehman Brothers, AIG, Fannie Mae, and Freddie Mac. In order to rescue the last three and prevent major banks from going under, the government produced extensive “bailout” packages. Although we think of the “bailout” as a modern method of crisis control, it was not unknown in 1860s Britain. The question then, as now, was the form it should take, and the rules that should govern it. This led to a celebrated debate between two leading economists, Thomson Hankey and William Bagehot, each of whom had strong views about proper banking policy. Ben Bernanke, US Federal Reserve chairman during the Crash of 2008, was closer to Bagehot in approach than to Hankey, but he was not very close to Bagehot either. Do we have anything to learn from the great Victorians who lived so many years ago? It would seem likely that we do. There were banks then and there are banks now. Human nature presumably has not changed much.

  • Economic Fascism

    Primary Sources on Mussolini's Crony Capitalism
    Edited with an Introduction by Carlo Celli
    Axios Press, 2013. Hardcover, 341 pages. $19.00
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    It may be argued that Mussolini (1883-1945, dictator of Italy 1922-1943) invented modern crony capitalism. Although he described himself as a socialist, he rejected the Marxist version. Today nobody supports what came to be called fascism, but nevertheless many of the economic policies central to it survive and even dominate in countries all over the world. This unique collection of Mussolini’s statements about economics is important, all the more so since many of them have not been previously available in English.

  • Free Prices Now!

    Fixing the Economy by Abolishing the Fed
    By Hunter Lewis
    AC2 Books, 2013. Hardcover, 276 pages. $17.00
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    This fascinating book says that our economy is doing poorly because we do not allow truthful prices. The Soviet Union fell because it would not allow prices to tell the truth about the economy and we seem to be on the same path. Why? Principally because of central bankers and crony capitalists, each of whom are described in depth. Crystal clear, easy-to-read, and absorbing from a recognized expert.

  • Where Keynes Went Wrong

    And Why World Governments Keep Creating Inflation, Bubbles, and Busts
    By Hunter Lewis
    Axios Press, 2011. Paperback, 387 pages. $12.00
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    In responding to the financial crash of 2008, both the Bush and the Obama Administrations have relied on prescriptions developed by John Maynard Keynes, the most important economist since Marx. But should we be relying on Keynes? What did Keynes actually say? Hunter Lewis concludes in his criticism of Keynesian economics that he did not. If Keynes economics was wrong then so are the economic policies of virtually all world governments today, and are opposed to libertarian ideas like those of Ron Paul and the Tea Party movement.

  • Are the Rich Necessary?

    Great Economic Arguments and How They Reflect Our Personal Values
    By Hunter Lewis
    Axios Press, 2009. Paperback, 413 pages. $12.00
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    Are the rich necessary? Is capitalism to blame for the recent economic crash? Is Wall Street greed corruping our politics? Lewis addresses these and other provocative questions in a clear, objective, and easy-to-follow journey through the great economic arguments of our day. In an always lively, point-counterpoint style, he challenges conventional positions on both sides of each issue.

  • Mr. Market Miscalculates

    The Bubble Years and Beyond
    By James Grant
    Axios Press, 2008. Hardcover, 430 pages. $22.00
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    Why is America in financial crisis today? This book, better than any to date, explains it all—how we got here and where we are going. The how we got here is brilliantly described in a collection of pieces from Grant’s Interest Rate Observer, the Wall Street insider’s Bible. The where we are going is treated in Jim Grant’s up-to-the-minute introduction. No fan of Greenspan or Bernanke, Grant tells the unvarnished truth about America.