Good Money, Part II: The Standard (The Collected Works of F. A. Hayek) - Softcover

Hayek, F. A.

Softcover

ISBN 10: 0865977461 ISBN 13: 9780865977464

Publisher: Liberty Fund, 2009

Synopsis

This complementary volume provides five additional essays to expand our understanding of Hayek's ideas about money and monetary policy. Good Money, Part II:  The Standard investigates the consequences of the "predicament of composition" which led to one of Hayek's most controversial proposals:  that governments should be denied a monopoly on the coining of money.

F. A. Hayek (1899–1992) was awarded the Nobel Memorial Prize in Economic Sciences in 1974 and the Medal of Freedom in 1991 and was one of the leading Austrian economists and political philosophers of the twentieth century.

Stephen Kresge was the General Editor of The Collected Works of F. A. Hayek until his retirement in 2002.

About this title

Review:

The five essays in this second part conclude the collection of Austrian-born economist Hayek's (1899-1992) writings on money and monetary theory. They consider monetary nationalism and international stability, a commodity reserve currency, choice in currency, the theory and practice of concurrent currencies, toward a free market monetary system, and the future unit of value. This and the first part were published as volumes five and six of his collected work, published by University of Chicago Press and now being reprinted in paper. Good Money seems to have been published by The Institute of Economic Affairs, London, originally in 1976 and in a revised edition in 1978.

Reference & Research Book News
November 2009

About this edition

• Publisher: Liberty Fund
• Publication date: 2009
• ISBN 10: 0865977461
• ISBN 13: 9780865977464
• Binding: Paperback
• Number of pages: 270
• Editor: Kresge Stephen