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The following thesis analyses the pure time preference theory of interest. First, the major elaborations of the theory are compared. It is concluded that the Misesian approach to time preferences involves many factual differences in contrast to that of Fetter. The second part proceeds from Murphy´s and Potužák´s neoclassical critique to argue against conclusions based on the imaginary construct of evenly rotating economy. Two arguments are made suggesting that if reached, the evenly rotating economy would not isolate the pure time preference alone in the form of market interest rate.

The bachelor thesis deals with potential of digital currency Bitcoin to become universally accepted medium of exchange and with advantages, which its usage would bring to economy. In the thesis there are analysed factors important for its future progression. There are identified both positive and negative factors. Among the positive ones there is pseudonymity, low transaction costs, protection against government actions and inovative potential in the field of financial services. Among the negative ones there is the question of the system security, network effect, the risk of government against Bitcoin itself and high volatility. Volatility of bitcoin valu is identified as the major disadvantage of the currency. Next part of theoretical part deals with the confusion about virtual currencies and regression theorem. Logical analysis suggests that this confusion is caused by wrong interpretation of regression theorem, which is mostly caused by improper understanding of the term direct use. In the next part, Bitcoin is analysed from the view of the Austrian business cycle theory. Because of the inability of performing credit expansion, Bitcoin is identified as currency significantly limiting the strenght of business cycles. Practical part analysis the developement of volatility in time and its dependence on events and spekulative demand. The hypothesis, that high volatility of bitcoin value is caused by immaturity of the technology is not confirmed.

This bachelor thesis deals with the relation between the growth of transfers and economic performance during the crisis. By means of the Austrian School looks at the issue of state intervention in the economy and on the example of America's recent financial crisis (2007 - 2010) questions the government actions taken to stimulate the economy. Recommendations of the Austrian School economists are constantly overlooked and during the crisis period the word gets Keynesian economics, whose validity has been questioned many times. The thesis deals with the macroeconomic indicator of GDP, which sees not inadequate for drawing conclusions on economic performance. This indicator on the contrary, due to more than 70 % weight of consumption, complies with policy makers in promoting stimulus packages to support the economy and other interventions to increase consumption. As a result of these interventions finds work, not sustainable economic growth, but growth of government itself. The growing volume of transfer payments, which should support the performance of the economy, especially led to a tightening of government power and its growth.

This paper is concerned with theoretical assumptions and consequences of a free banking system. The main theme is critical inquire of Hayek`s notion of creating the system of free banks independent of central bank, which issue differentiated currencies. The main purpose of this system is to force the government institution to provide a currency more stable than it does now. However there are some crucial objections which target the possibility of operating such system in practice. The main theme is further widen by the question about fractional and full reserve banking. Based on the comparison of the different reserve system, there is a notion of a system combining both, but keeping them strictly separated. The foundation of the paper is analysis of money definition from the austrian school point of view. These arguments are applied to the inflation and deflation. The object of research are conditions of existence and consequences of both effects. The inflation analysis is used to describe current system of central institution and the net of commercial banks.

This thesis deals with the Austrian business cycle theory. At the beginning it introduce methodology of the Austrian School. It also describes the Austrian structures of the capital and production based on time preference, which are necessary to understand this whole theory. One of goals is to show the possible causes of the business cycle, which the Austrian economists see in the monetary expansion. This causes a reduction in interest rates, disorientation of investors and the spread of investment demand. Furthermore, the task is to verify the viability of this theory in practice, applications to the Great Depression in the U.S.. Here this thesis analyzes the anti-crisis measures of the government of presidents Hoover and Roosevelt. Results are compared with the assumptions of Austrian theory and based on this comparison it draws conclusions.

This thesis deals with the law, which was enacted in Utah and makes gold and silver coins legal tender in this state. Goal of this thesis is to show how individuals will change their actions, especially regarding their selection of medium of exchange. The thesis shows deficiencies in an acted law and of feral alternative, which could enable more spread use of gold and silver coins. Thesis uses metodology of austrian school, which deals with monetary policy.

The thesis Phenomenology and Economics is an account of methodological possibilities brought by the phenomenological method into the realm of economic thought. From the starting point of Misesian praxeology the thesis advances to the key contributions of Alfred Schütz whose concept of telescopic ideal type enables us to cross the gap between theory and history. Telescopic ideal type allows us to grasp the specific nature of economics that is, on the one hand, proud of its rigor and precision connected with the formal modelling and on the other hand deals with an interpretation of individual agents in their life-world. Methodological insights developed through this analysis are then applied to the problem of coordination and spontaneous order and to the question of the relationship between behavioral economics and rational choice theory.

The main goal of this thesis is to present the true explanation of the Great Depression, which will be the basis for the critical analysis of the current situation in developed economies. This thesis contains three chapters: the first presents the Austrian business cycle theory, which is then applied in the second chapter to the Great Depression. The third chapter deals with the critical analysis of the state and its economic policies, which seeks to answer the question, why the economic crises keep repeating, which is the partial goal of this thesis.

This diploma thesis is trying to describe implications of current financial crisis by the Postkeynesian and Austrian view. The introduction section focuses on course of events in the United States of America after the September 11 attacks on World Trade Center till outbreak of mortgage crisis in 2007. After 9/11 the Federal Reserve System started to unprecedentedly increase the money supply. Large amount of these new resources flowed to the real estate market. Incurred conditions and implications to other financial sectors till the bankruptcy of Lehman Brothers in September 2008 are thoroughly studied. The causes of the crisis are being looked through the Postkeynesian and Austrian perspective in this thesis, because the major representatives of these two economic branches were able to predict the crisis coming. By using the works of the Postkeynesian and Austrian economists, possible solutions how to avoid this negative economic event in the future are being mentioned in the final part of this diploma thesis. Their suggestions and proposals contrast each other. Nevertheless I reach certain recommendation here, which shows government's interventions are inappropriate and functionless. These interventions have also harmful influence on the free-market economy function. Moreover they tend to deepen recessions. These arguments are being demonstrated on real cases.

This paper analyzes Hayek's central idea of the book The Road to Serfdom, which says that the implementation of socialist ideas in the economy leads to a totalitarian state. This trend is not inevitable, though it was often interpreted as follows. Therefore, the work examines the argument that Hayek did not take his journey into slavery into account the conservation of consumer sovereignty. It was also pointed out that in practice, for example, socialist Sweden did not rise to the totalitarian state. Hayek was also attacked, misinterpreted the concept of the journey into slavery by Hilaire Belloc. These arguments have been challenged. None of them did not pay enough to the central core of Hayek's argument in the causes and consequences, or the unintended consequences of central planning under socialism. Hayek's journey into slavery on the basis of the arguments surveyed is not inevitable.

The Great Depression was the greatest economic downturn in 20th century. In my work I describe a period before the crisis, and the collapse of the American Stock Exchange, which is often wrongly considered as the beginning of crisis. Main economical theories saw different reasons of crisis. Keynesians saw the biggest problem in the lack of aggregate demand and the solutions they saw in government stimulation of demand. Austrian school with this theory completely disagreed and saw just the biggest mistake of the government interventions that deepened the crisis. Monetarists saw the biggest problem in the failure of the Federal Reserve, which failed at the time of distress, when it should get adequate amount of money to banks. Saw a possible solution in reducing the interest rate and Federal reserve should purchase government bonds held by commercial banks. The United States got out of the crisis thanks to government spending during the World War II.

This thesis deals with the problem of recent financial crisis and possible ways to prevent it from returning in the future. The basic document here deals with the changes made by US government and their comparison with set of laws from the time of the Great Depression. This comparison results into proposal of some further changes. The last part deals with the systematic flaw of credit expansion a offers a solution based on principles of the Austrian school modified to correspond more closely with current system

This bachelor thesis analyses the impact of interventions of U.S. government in automotive industry. First part is concerned with present economic knowledge about state interventions and their influence on economy. In connection to this topic, there are used books by well known authors from Austrian school as M. Rothbard and L. von Mises. One small chapter is focused on the financial crisis and its reason. Second part introduces automotive industry in USA with its biggest producers (General Motors, Ford Motors and Chrysler). Sub-chapter mentions restructuring General Motors. The practical part describes an influence of extraordinary state interventions on automotive industry in USA. Used data will be processed in the context with theories by Rothbard and Mises.

The paper compares Austrian and Neoclassical approach to the theory of competition. It finds an answer to the question, which of the two compared theories is more realistic. The comparison is based mainly on the approach to the role of competition in the formation of diverse market structures, on the view of the role of entrepreneur on the market and the role of market in the dispersion of information in the economy. The positions of the two schools to the above mentioned problems are very different and form the core of controversy between the two theories.

The aim of the thesis is to compare liberal approach in science disciplines of international affairs and economy. The thesis is divided into four chapters. In the first chapter is characterized historical background and sources of liberal thinking. Next two chapters focus on liberalism presented by international affairs science and by austrian school of economics. The fourth chapter contains the comparison of these two approaches. The aim is to find logical relationship, common characteristics and differences. Conclusion summarizes gathered knowledge and evaluate final results in comparison with selected aims.

The thesis deals with significant moments in the relationship between methodology of economics and implications of the financial crisis culminating in 2008 and 2009. Its key insight rests upon the claim that some theoretical concepts developed within mainstream economics do not tackle the reality adequately and contributed in a significant way to the sequence of events leading to the financial crisis. Most of those concepts were introduced in the second half of the 20th century, during a "high tide" of positivistic ideas in the domain of methodology of mainstream economics. Though the same ideas had been already discredited to a large extent by the philosophy of science at the time, mainstream economists did not reflect it satisfactorily. Aside from a historical expose the thesis consists also of an outline of a possible future development of the prevailing form of economic theory; four scenarios of future potential development are presented. In the final parts of the thesis, which are focused more specifically, the author appraises negatively options of the Austrian School as well as post-Keynesianism to influence in a more significant manner the mainstream economics during the post-crisis era.

The aim is to present specific methodology of the austrian school with laying stress on prerequisits which determine its understanding of phenomena.