In the years following its publication, F A Hayeks pioneering work on business cycles was regarded as an important challenge to what was later known as Keynesian macroeconomics. Today, as debates rage on over monetary origins of the current economic and financial crisis, economics are once again paying heed to Hayeks thoughts on the repercussions of excessive central bank interventions. Business Cycles, Part II assembles twelve of Hayeks shorter papers on the topic, ranging from 1920s to 1981, his final word on the subject. They include four previously unpublished works.
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About the Author
F. A. Hayek (18991992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economic Sciences in 1974, was a pioneer in monetary theory and one of the principal proponents of classical liberal thought in the twentieth century. He taught at the London School of Economics, the University of Chicago, and the University of Freiburg.
Hansjoerg Klasusinger is Associate Professor in the Department of Economics at WU, Vienna University of Economics and Business.
In the years following its publication, F A Hayeks pioneering work on business cycles was regarded as an important challenge to what was later known as Keynesian macroeconomics. Today, as debates rage on over monetary origins of the current economic and financial crisis, economics are once again paying heed to Hayeks thoughts on the repercussions of excessive central bank interventions. Business Cycles, Part II assembles twelve of Hayeks shorter papers on the topic, ranging from 1920s to 1981, his final word on the subject. They include four previously unpublished works.
Editorial Reviews
Review
Select Guide Rating
About the Author
F. A. Hayek (18991992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economic Sciences in 1974, was a pioneer in monetary theory and one of the principal proponents of classical liberal thought in the twentieth century. He taught at the London School of Economics, the University of Chicago, and the University of Freiburg.
Hansjoerg Klasusinger is Associate Professor in the Department of Economics at WU, Vienna University of Economics and Business.
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