304 Pages
by Routledge

304 Pages
by Routledge

In the years following its publication, F. A. Hayek's 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 the monetary origins of the current economic and financial crisis, economists are once again paying heed to Hayek's thoughts on the repercussions of excessive central bank interventions.... Read more

Editorial Foreword
Introduction

MONETARY THEORY AND THE TRADE CYCLE
Introduction to the Series, by Lionel Robbins (1933)
Preface (1933)
Preface to the German Edition (1929)
Preface to the Reprint of the German Edition (1976)
Analytical Table of Contents
1. The Problem of the Trade Cycle
2. Non-Monetary Theories of the Trade Cycle
3. Monetary Theories of the Trade Cycle
4. The Fundamental Cause of Cyclical Fluctuations
5. Unsettled Problems of Trade Cycle Theory


PRICES AND PRODUCTION
Foreword to the First Edition, by Lionel Robbins (1931)
Preface to the First Edition (1931)
Preface to the Second Edition (1935)
Preface to the German Edition, Preise und Produktion (1931)
Preface to the Reprint of the German Edition (1976)
1. Theories of the Influence of Money on Prices
2. The Conditions of Equilibrium between the Production of Consumers' Goods and the Production of Producers' Goods
3. The Working of the Price Mechanism in the Course of the Credit Cycle
Appendix: A Note on the History of the Doctrines Developed in the Preceding Lecture
4. The Case for and against an 'Elastic' Currency
Appendix: Some Supplementary Remarks on 'Neutral Money'

Biography

HANSJOERG KLAUSINGER is associate professor in the Department of Ecoiioniics at WTJ Vienna University of Economics and Business. He has published numerous articles on the history of Austrian economics.