Througout his life Hayek had a profound interest in money and its role within the economy. This volume, together with Volume Six, Good Money, Part Two, collect all of Hayek's significant writings on money. Together they amply demonstrate both the significance of 'sound money' in Hayek's economic vision, and Hayek's importance as a monetary theorist.
Table of Contents
Editorial Foreword -- Introduction -- One A Survey of Recent American Writing: Stabilization Problems in Gold Exchange Standard Countries -- Addendum: Exchange Rate Stabilization or Price Stabilization? -- Two Monetary Policy in the United States after the Recovery from the Crisis of 1920 -- Three The Fate of the Gold Standard -- Four The Gold Problem -- Five Intertemporal Price Equilibrium and Movements in the Value of Money -- Six On 'Neutral' Money -- Seven Price Expectations, Monetary Disturbances, and Malinvestments -- Afterword – Name Index – Subject Index.