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  2. The Place of Finance and Financial Markets In a Free Society

The Place of Finance and Financial Markets in a Free Society

Further reading:

Austrian Economics, Money and Finance by Thomas Mayer

Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System by Kevin Dowd & Martin Hutchinson

Understanding Money Mechanics by Robert P. Murphy


The Social Function of Stock Speculators by Robert P. Murphy

The Social Function of Futures Markets by Robert P. Murphy

The Social Function of Call and Put Options by Robert P. Murphy

The Social Function of Credit-Default Swaps by Philipp Bagus

Hidden Assumptions in Option Pricing by Robert P. Murphy

The Social Function of Insurance by Robert P. Murphy


Is Insider Trading Really a Crime? by Robert P. Murphy

Can Agency Theory Justify the Regulation of Insider Trading? by Alexandre Padilla

Should the Government Regulate Insider Trading? by Alexandre Padilla

When Is Short Selling Fraudulent? by Robert P. Murphy

The Stock Market, Credit, and Capital Formation by Fritz Machlup

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