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Prices and Production and Other Works
Hayek was not only a leading champion of liberty in the 20th century. As this massive book reveals, he was also a great economist whose elaboration on monetary theory and the business cycle made him the leading foe of Keynesian theory and policy in the English-speaking world. Here his most important works are collected, re-typeset, indexed for the first time, and beautiful ...more
Hardcover, 564 pages
Published 2008 by Ludwig von Mises Institute
(first published September 1931)
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Hayek’s essays from the 1930s are widely recognized as the most quintessential and important readings on the methodology of Austrian Business Cycle Theory. Hayek integrates Böhm von Bawerk’s contributions of capital and interest into Mises’ theory of the business cycle; basically explaining how changes in prices are coordinated with the expansion and contraction of the money supply, along with the relationship between saving and investing. Hayek maintains that a healthy economy is one in which r ...more
Friedrich August von Hayek CH was an Austrian and British economist and philosopher known for his defense of classical liberalism and free-market capitalism against socialist and collectivist thought. He is considered by some to be one of the most important economists and political philosophers of the twentieth century. Hayek's account of how changing prices communicate signals which enable indivi ...more