Tag: Capital

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Books

Monetary Theory and the Trade Cycle

– Geldtheorie und Konjunkturtheorie. (Beitrage zur Konjunkturforschung, heraus-gegeben vom Österreichisches Institut für Konjunkturforschung, No. 1). Vienna and Leipzig: Hölder-Pichler-Tempsky, 1929/2, xii, 147 pp. (England 1933, Japan 1935, Spain 1936.) Translated into English  by Lionel Robbins as Monetary Theory and the Trade Cycle. London: Jonathan Cape, 1933, 244 pp. American edition, New York: Harcourt Brace & Co., 1933. Reprinted New York: Augustus M. Kelley, 1966.
The German essay, of which the following is a translation, represents an expanded version of a paper prepared for the meeting of the Verein für Sozialpolitik, held in Zurich in September… More

Prices and Production

– Studies in Economics and Political Science, edited by the director of the London School of Economics and Political Sciences. No. 107 in the series of Monographs by writers connected with the London School of Economics and Political Science.) London: Routledge & Sons, 1931/2, xv, 112 pp. 2nd revised and enlarged edition, London: Routledge & Kegan Paul, 1935/9, also 1967 edition, xiv, 162 pp. American edition, New York: Macmillan, 1932.
These seven works taken together represent the first integration and systematic elaboration of the Austrian theories of money, capital, business cycles, and comparative monetary… More

A Reply to Dr. Hayek

– Keynes, J.M. “A Reply to Dr. Hayek.” Economica 12 (November 1931): 387–397.
Excerpt: “In an article recently published, Dr. Hayek has invited me to clear up some ambiguities of terminology which he finds in my Treatise of Money, and also other matters. As he… More

Money and Capital: A Reply to Mr. Sraffa

– "Money and Capital: A Reply to Mr. Sraffa.” Economic Journal 42 (June 1932): 237–249  
Excerpt: “With an article devoted to a critical discussion of my Prices and Production, Mr. Sraffa has recently entered the arena of monetary controversy. There is no denying the fact… More

A Note on the Development of the Doctrine of ‘Forced Saving’

– “A Note on the Development of the Doctrine of ‘Forced Saving’.” Quarterly Journal of Economics 47 (November 1932): 123–133.
Excerpt: “The enhanced interest in the problem of “forced saving,” due to recent developments in the theory of industrial fluctuations, has led to the discovery of so many more or… More

Capital Consumption

– “Kapitalaufzehrung.” Weltwirtschaftliches Archiv 36 (July 1932/II): 86–108.

Contributions on Monetary Theory

– Beiträge zur Geldtheorie. Edited and prefaced by Friedrich A. Hayek. Contributions by Marco Fanno, Marius W. Holtrop, Johan G. Koopmans, Gunnar Myrdal, Knut Wicksell. Vienna, 1933.

Capital and Industrial Fluctuations

– “Capital and Industrial Fluctuations.” Econometrica 2 (April 1934): 152–167.
Excerpt: A sympathetic criticism of the kind to which the views of the present author have been subjected by Messrs Hansen and Tout in a recent issue of ECONOMETRICA, offers a welcome… More

Saving

– “Saving.” Encyclopaedia of the Social Sciences. New York: Macmillan, 1934. Vol. 13, pp. 548–552.

The Mythology of Capital

– “The Mythology of Capital.” Quarterly Journal of Economics 50 (1936): 199–228.
Excerpt: “Professor Knight’s crusade against the concept of the period of investment revives a controversy which attracted much attention thirty and forty years ago but was not… More

Monetary Nationalism and International Stability

– Geneva, 1937; London: Longmans, Green (The Graduate Institute of International Studies, Geneva, Publication Number 18), 1937, xiv, 94 pp. Reprinted New York: Augustus M. Kelley, 1964, 1971, 1974.
From Preface: “The five lectures which are here reproduced are necessarily confined to certain aspects of the wide subject indicated by the title. They are printed essentially as they… More

Investment that Raises the Demand for Capital

– “Investment that Raises the Demand for Capital.” Review of Economic Statistics 19 (November 1937).
Excerpt: “The purpose of this article is to state a proposition which underlies the modern “monetary over-investment theories” of the trade cycle in a form in which, as… More

Profits, Investment, and Other Essays

– London: Routledge & Kegan Paul, 1939/3, viii, 266 pp., also 1969 edition. Reprinted New York: Augustus M. Kelley, 1969, 1970; Clifton, New Jersey: Augustus M. Kelley, 1975.
From Preface: “The essays collected in this volume are a selection from the various attempts made in the course of the past ten years to improve and develop the outline of a theory of… More

The Paradox of Saving

– "The Paradox of Saving," Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The assertion that saving renders the purchasing power of the consumer insufficient to take up the volume of current production, although made more often by members of the… More

Price Expectations, Monetary Disturbances and Malinvestments

– “Price Expectations, Monetary Disturbances and Malinvestments," Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The most characteristic feature of the work of our generation of economists is probably the general endeavor to apply the methods and results of the pure theory of… More

The Maintenance of Capital

– “The Maintenance of Capital,” Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The significance of the problem. It is not likely that in the whole field of economics there are many more concepts which are at the same time so generally used and so… More

An Enquiry into the Nature and Effects of the Paper Credit of Great Britain

– Henry Thornton. An Enquiry into the Nature and Effects of the Paper Credit of Great Britain (1802). Edited and introduced by Friedrich A. Hayek. London: Allen and Unwin, 1939.
Excerpt: “To most of the contemporaries of Henry Thornton his authorship of the book which is now reprinted after one hundred and thirty-six years would by no means have been regarded… More

Hayek och ‘Ricardo-effekten’

– Welinder, C. “Hayek och ‘Ricardo-effekten’” In Ekonomisk Tidsskrift (Uppsala och Stockholm) 42 (1940): 33–39.

The Pure Theory of Capital

– London: Routledge & Kegan Paul, 1941/2 (also 1950 edition); Chicago: University of Chicago Press, 1941 (also 1950, 1952 and 1975 editions); xxxi, 454 pp. (Spain 1946, Japan 1951 and 1952).
The Pure Theory of Capital, F. A. Hayek’s long-overlooked, little-understood volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic… More

Maintaining Capital Intact: A Reply to Professor Pigou

– “Maintaining Capital Intact: A Reply [to Professor Pigou.]” Economica N.S. 8 (1941): 276–280.
Excerpt: “Professor Pigou’s defense of the conception of “maintaining capital intact” consists essentially of two parts. The first is a restatement of his own attempt to… More

The Ricardo Effect

– “The Ricardo Effect.” Economica N.S. 9 (1942).
Excerpt: “When in a recent essay on industrial fluctuations the author introduced “the familiar Ricardian proposition that a rise in wages will encourage capitalists to substitute… More

Professor Hayek’s Theory of Interest

– Lutz, Friedrich A. “Professor Hayek's Theory of Interest.” Economica 10 (1943): 302–310
Excerpt: “In the following discussion attention will be concentrated on that parts of Prof. Hayek’s Pure Theory of Capital which contains his theory of interest in “real”… More

Richard von Strigl

– “Richard von Strigl” (Obituary). Economic Journal 54 (1944): 284–286.
Strigl, who died in 1944, was a “Neo-Austrian” involved in developing the theory of saving and investment and analyzing monopolistic competition theory.

Keynes vs. Hayek on a Commodity Reserve Currency

– Graham, F.D. “Keynes vs. Hayek on a Commodity Reserve Currency.” The Economic Journal 54 (1944): 422–429.
Excerpt: “The issues raised in Lord Keynes’ reply to Prof. Hayek’s article on a commodity reserve currency, in a recent issue of this journal, seem worthy of more extended… More

Time-Preference and Productivity: A Reconsideration

– “Time-Preference and Productivity: A Reconsideration.” Economica, N.S. no. 4, 12 (February 1945): 22–25.
Excerpt: “The question I wish here to reconsider is in the 1st instance the purely theoretical one of the relative importance, in determining the marginal productivity of investment,… More

Full Employment, Planning and Inflation

– “Full Employment, Planning and Inflation.” Institute of Public Affairs Review 4 (6) (Melbourne, Australia 1950).
Excerpt: “In the five years that have elapsed since the war, central planning, “full employment,” and inflationary pressure  have been the three features which have dominated… More

The Rate of Interest in the Trade Cycle Theories of Prof. Hayek

– Palmer, G.G.D. “The Rate of Interest in the Trade Cycle Theories of Prof. Hayek.” The South African Journal of Economics 23 (1955): 1–18.
Excerpt: “For many years the trade cycle theories of Prof. Hayek have been the centre of interest and controversy. His approach stands in contrast on the one hand to that of the… More

The Economics of Abundance

– “The Economics of Abundance,” in Henry Hazlitt, ed. The Critics of Keynesian Economics. Princeton and London: Van Nostrand Co., 1960, pp. 126–130.
Excerpt: “Now in such a situation, in which abundant unused reserves of all kinds of resources, including all intermediate products, exist, may occasionally prevail in the depths of… More

Prof. Hayek and the Concertina Effect

– Kaldor, N. “Prof. Hayek and the Concertina Effect.” In Economica N.S. 9 (1942): 148–176; reprinted in: Kaldor, Essays on Economic Stability and Growth. London: Duckworth, 1960
Excerpt: “It was more than ten years ago that Prof. Hayek first fascinated the academic world of economists by a new theory of industrial fluctuations which in theoretical conception,… More

The Hayek Story

– Heimann, E. “The Hayek Story.” In Critical Essays in Monetary Theory. Oxford University Press: 1967.

Three Elucidations of the ‘Ricardo Effect’

– “Three Elucidations of the ‘Ricardo Effect’.” Journal of Political Economy 77 (March-April 1969): 274–285.
Excerpt: “The immediate aim of this paper is to clear up a point on which Sir John Hicks in his recent review of my earlier discussions of the relation between the demand for consumer… More

A Tiger by the Tail: The Keynesian Legacy of Inflation

– A Tiger by the Tail: The Keynesian Legacy of Inflation. A 40 Years’ Running Commentary on Keynesianism by F. A. Hayek. Compiled and introduced by Sudha R. Shenoy. London: Institute of Economic Affairs (Hobart Paperback #4), 1972
Excerpt from Introduction: “The small book you are holding in your hands is unique. It is perhaps the finest introduction to the thought of a major thinker ever published in the… More

Inflation: The Path to Unemployment

– “Inflation: The Path to Unemployment.” Addendum 2 to Lord Robbins et. al. Inflation: Causes, Consequences, Cures: Discourses on the Debate between the Monetary and the Trade Union Interpretations. London: The Institute for Economic Affairs (IEA Readings, No. 14), 1974, pp. 115–120.

Full Employment at Any Price?

– Full Employment at Any Price? London: Institute of Economic Affairs (Occasional Paper 45), 1975/1978, (Italy 1975), 52 pp.

World Inflationary Recession

– “World Inflationary Recession.” Paper presented to the International Conference on World Economic Stabilization, April 17–18, 1975, co-sponsored by the First National Bank of Chicago and the University of Chicago. First Chicago Report 5/1975.

Hayek and Keynes: A Retrospective Assessment

– O'Driscoll, Jr. Gerald P. “Hayek and Keynes: A Retrospective Assessment.” Iowa State University Department of Economics Staff Paper No. 20. Ames, Iowa: Xerox 1975. [Paper prepared for the Symposium on Austrian Economics, University of Hartford, June 22–28, 1975.]

Inflation, Unemployment and Hayek

– Spencer, Roger W. “Inflation, Unemployment and Hayek.” Review (Federal Reserve Bank of St. Louis.) 57 (1975): 6–10.
Excerpt: “In these times of high unemployment and rising price levels, one looks to the leaders of the economics profession for analysis and solutions. One possible candidate, who has… More

Choice in Currency: A Way to Stop Inflation

– Choice in Currency. A Way to Stop Inflation. London: Institute of Economic Affairs (Occasional Paper 48), February 1976/1977, 46 pp.
Excerpt: The chief root of our present monetary troubles is, of course, the sanction of scientific authority which Lord Keynes and his disciples have given to the age-old superstition that… More

Friedrich A. Hayek: Nobel Prizewinner

– Shearmur, Jeremy.  “Friedrich A. Hayek: Nobel Prizewinner.” In Fritz Machlup, ed., Essays on Hayek. New York: New York University Press, 1976, pp. 171–176.

Economics as a Coordination Problem

– Foreword by F. A. Hayek. In Economics as a Coordination Problem: The Contributions of Friedrich A. Hayek, ed. by Gerald P. O'Driscoll, Jr. Kansas City: Sheed Andrews and McMeel, Inc., 1977.
Foreword by Hayek: “To give a coherent account of the whole of the theoretical work of an economist who has not attempted to do so himself is sometimes a useful task. But the proof of… More

Unemployment and the Free Market

– Interview of Hayek, Firing Line, YouTube video.
Nobel Laureate F A Hayek is interviewed by Firing Line’s William F. Buckley Jr regarding unemployment, inflation, and John Maynard Keynes.

Can we still avoid inflation?

– “Can we still avoid inflation?” In Richard M. Ebeling (ed.) The Austrian Theory of the Trade Cycle and Other Essays. New York: Center for Libertarian Studies (Occasional Paper Series 8) 1978.
Excerpt: “In one sense the question asked in the title of this lecture is purely rhetorical. I hope none of you has suspected me of doubting even for a moment that technically there… More

Axel Leijonhufvud interviews Friedrich A. Hayek

– The Hayek Interviews, Universidad Francisco Marroquín, Date unspecified.
Dr. Hayek speaks with Dr. Axel Leijonhufvud primarily about his academic career and intellectual pursuits. First Dr. Hayek tells of his eclectic course of study at university, including law… More

Introduction: The Debate, 1931–71

– Shenoy, Sudha R. “Introduction: The Debate, 1931–71.” in F.A. Hayek, A Tiger by the Tail: The Keynesian Legacy of Inflation, Cato 1979.
Excerpt: “The roots of current economic ideas and of those guiding the wages policy lie in the 1930s, in discussion inspired by the publication of the General Theory.  Though… More

Hayek on Inflation

– Ebeling, Richard. “Hayek on Inflation.” Unpublished Paper presented to The Carl Menger Society Conference entitled “Hayek—An Introductory Course,” London, Dec. 6, 1980

Masters Of Money – Part 2 – Friedrich Hayek

– Episode 2, BBC series, September 2012.
According to conventional wisdom, today’s global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive… More

Jack High interviews Friedrich A. Hayek

– The Hayek Interviews, Universidad Francisco Marroquín, 1978.
Known as an economist to the world, Dr. Hayek talks with Jack High about the past and present in the realm of economics. Discussing the role of various economists had on his thinking,… More

Essays

Monetary Theory and the Trade Cycle

– Geldtheorie und Konjunkturtheorie. (Beitrage zur Konjunkturforschung, heraus-gegeben vom Österreichisches Institut für Konjunkturforschung, No. 1). Vienna and Leipzig: Hölder-Pichler-Tempsky, 1929/2, xii, 147 pp. (England 1933, Japan 1935, Spain 1936.) Translated into English  by Lionel Robbins as Monetary Theory and the Trade Cycle. London: Jonathan Cape, 1933, 244 pp. American edition, New York: Harcourt Brace & Co., 1933. Reprinted New York: Augustus M. Kelley, 1966.
The German essay, of which the following is a translation, represents an expanded version of a paper prepared for the meeting of the Verein für Sozialpolitik, held in Zurich in September… More

Prices and Production

– Studies in Economics and Political Science, edited by the director of the London School of Economics and Political Sciences. No. 107 in the series of Monographs by writers connected with the London School of Economics and Political Science.) London: Routledge & Sons, 1931/2, xv, 112 pp. 2nd revised and enlarged edition, London: Routledge & Kegan Paul, 1935/9, also 1967 edition, xiv, 162 pp. American edition, New York: Macmillan, 1932.
These seven works taken together represent the first integration and systematic elaboration of the Austrian theories of money, capital, business cycles, and comparative monetary… More

A Reply to Dr. Hayek

– Keynes, J.M. “A Reply to Dr. Hayek.” Economica 12 (November 1931): 387–397.
Excerpt: “In an article recently published, Dr. Hayek has invited me to clear up some ambiguities of terminology which he finds in my Treatise of Money, and also other matters. As he… More

Money and Capital: A Reply to Mr. Sraffa

– "Money and Capital: A Reply to Mr. Sraffa.” Economic Journal 42 (June 1932): 237–249  
Excerpt: “With an article devoted to a critical discussion of my Prices and Production, Mr. Sraffa has recently entered the arena of monetary controversy. There is no denying the fact… More

A Note on the Development of the Doctrine of ‘Forced Saving’

– “A Note on the Development of the Doctrine of ‘Forced Saving’.” Quarterly Journal of Economics 47 (November 1932): 123–133.
Excerpt: “The enhanced interest in the problem of “forced saving,” due to recent developments in the theory of industrial fluctuations, has led to the discovery of so many more or… More

Capital Consumption

– “Kapitalaufzehrung.” Weltwirtschaftliches Archiv 36 (July 1932/II): 86–108.

Contributions on Monetary Theory

– Beiträge zur Geldtheorie. Edited and prefaced by Friedrich A. Hayek. Contributions by Marco Fanno, Marius W. Holtrop, Johan G. Koopmans, Gunnar Myrdal, Knut Wicksell. Vienna, 1933.

Capital and Industrial Fluctuations

– “Capital and Industrial Fluctuations.” Econometrica 2 (April 1934): 152–167.
Excerpt: A sympathetic criticism of the kind to which the views of the present author have been subjected by Messrs Hansen and Tout in a recent issue of ECONOMETRICA, offers a welcome… More

Saving

– “Saving.” Encyclopaedia of the Social Sciences. New York: Macmillan, 1934. Vol. 13, pp. 548–552.

The Mythology of Capital

– “The Mythology of Capital.” Quarterly Journal of Economics 50 (1936): 199–228.
Excerpt: “Professor Knight’s crusade against the concept of the period of investment revives a controversy which attracted much attention thirty and forty years ago but was not… More

Monetary Nationalism and International Stability

– Geneva, 1937; London: Longmans, Green (The Graduate Institute of International Studies, Geneva, Publication Number 18), 1937, xiv, 94 pp. Reprinted New York: Augustus M. Kelley, 1964, 1971, 1974.
From Preface: “The five lectures which are here reproduced are necessarily confined to certain aspects of the wide subject indicated by the title. They are printed essentially as they… More

Investment that Raises the Demand for Capital

– “Investment that Raises the Demand for Capital.” Review of Economic Statistics 19 (November 1937).
Excerpt: “The purpose of this article is to state a proposition which underlies the modern “monetary over-investment theories” of the trade cycle in a form in which, as… More

Profits, Investment, and Other Essays

– London: Routledge & Kegan Paul, 1939/3, viii, 266 pp., also 1969 edition. Reprinted New York: Augustus M. Kelley, 1969, 1970; Clifton, New Jersey: Augustus M. Kelley, 1975.
From Preface: “The essays collected in this volume are a selection from the various attempts made in the course of the past ten years to improve and develop the outline of a theory of… More

The Paradox of Saving

– "The Paradox of Saving," Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The assertion that saving renders the purchasing power of the consumer insufficient to take up the volume of current production, although made more often by members of the… More

Price Expectations, Monetary Disturbances and Malinvestments

– “Price Expectations, Monetary Disturbances and Malinvestments," Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The most characteristic feature of the work of our generation of economists is probably the general endeavor to apply the methods and results of the pure theory of… More

The Maintenance of Capital

– “The Maintenance of Capital,” Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The significance of the problem. It is not likely that in the whole field of economics there are many more concepts which are at the same time so generally used and so… More

An Enquiry into the Nature and Effects of the Paper Credit of Great Britain

– Henry Thornton. An Enquiry into the Nature and Effects of the Paper Credit of Great Britain (1802). Edited and introduced by Friedrich A. Hayek. London: Allen and Unwin, 1939.
Excerpt: “To most of the contemporaries of Henry Thornton his authorship of the book which is now reprinted after one hundred and thirty-six years would by no means have been regarded… More

Hayek och ‘Ricardo-effekten’

– Welinder, C. “Hayek och ‘Ricardo-effekten’” In Ekonomisk Tidsskrift (Uppsala och Stockholm) 42 (1940): 33–39.

The Pure Theory of Capital

– London: Routledge & Kegan Paul, 1941/2 (also 1950 edition); Chicago: University of Chicago Press, 1941 (also 1950, 1952 and 1975 editions); xxxi, 454 pp. (Spain 1946, Japan 1951 and 1952).
The Pure Theory of Capital, F. A. Hayek’s long-overlooked, little-understood volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic… More

Maintaining Capital Intact: A Reply to Professor Pigou

– “Maintaining Capital Intact: A Reply [to Professor Pigou.]” Economica N.S. 8 (1941): 276–280.
Excerpt: “Professor Pigou’s defense of the conception of “maintaining capital intact” consists essentially of two parts. The first is a restatement of his own attempt to… More

The Ricardo Effect

– “The Ricardo Effect.” Economica N.S. 9 (1942).
Excerpt: “When in a recent essay on industrial fluctuations the author introduced “the familiar Ricardian proposition that a rise in wages will encourage capitalists to substitute… More

Professor Hayek’s Theory of Interest

– Lutz, Friedrich A. “Professor Hayek's Theory of Interest.” Economica 10 (1943): 302–310
Excerpt: “In the following discussion attention will be concentrated on that parts of Prof. Hayek’s Pure Theory of Capital which contains his theory of interest in “real”… More

Richard von Strigl

– “Richard von Strigl” (Obituary). Economic Journal 54 (1944): 284–286.
Strigl, who died in 1944, was a “Neo-Austrian” involved in developing the theory of saving and investment and analyzing monopolistic competition theory.

Keynes vs. Hayek on a Commodity Reserve Currency

– Graham, F.D. “Keynes vs. Hayek on a Commodity Reserve Currency.” The Economic Journal 54 (1944): 422–429.
Excerpt: “The issues raised in Lord Keynes’ reply to Prof. Hayek’s article on a commodity reserve currency, in a recent issue of this journal, seem worthy of more extended… More

Time-Preference and Productivity: A Reconsideration

– “Time-Preference and Productivity: A Reconsideration.” Economica, N.S. no. 4, 12 (February 1945): 22–25.
Excerpt: “The question I wish here to reconsider is in the 1st instance the purely theoretical one of the relative importance, in determining the marginal productivity of investment,… More

Full Employment, Planning and Inflation

– “Full Employment, Planning and Inflation.” Institute of Public Affairs Review 4 (6) (Melbourne, Australia 1950).
Excerpt: “In the five years that have elapsed since the war, central planning, “full employment,” and inflationary pressure  have been the three features which have dominated… More

The Rate of Interest in the Trade Cycle Theories of Prof. Hayek

– Palmer, G.G.D. “The Rate of Interest in the Trade Cycle Theories of Prof. Hayek.” The South African Journal of Economics 23 (1955): 1–18.
Excerpt: “For many years the trade cycle theories of Prof. Hayek have been the centre of interest and controversy. His approach stands in contrast on the one hand to that of the… More

The Economics of Abundance

– “The Economics of Abundance,” in Henry Hazlitt, ed. The Critics of Keynesian Economics. Princeton and London: Van Nostrand Co., 1960, pp. 126–130.
Excerpt: “Now in such a situation, in which abundant unused reserves of all kinds of resources, including all intermediate products, exist, may occasionally prevail in the depths of… More

Prof. Hayek and the Concertina Effect

– Kaldor, N. “Prof. Hayek and the Concertina Effect.” In Economica N.S. 9 (1942): 148–176; reprinted in: Kaldor, Essays on Economic Stability and Growth. London: Duckworth, 1960
Excerpt: “It was more than ten years ago that Prof. Hayek first fascinated the academic world of economists by a new theory of industrial fluctuations which in theoretical conception,… More

The Hayek Story

– Heimann, E. “The Hayek Story.” In Critical Essays in Monetary Theory. Oxford University Press: 1967.

Three Elucidations of the ‘Ricardo Effect’

– “Three Elucidations of the ‘Ricardo Effect’.” Journal of Political Economy 77 (March-April 1969): 274–285.
Excerpt: “The immediate aim of this paper is to clear up a point on which Sir John Hicks in his recent review of my earlier discussions of the relation between the demand for consumer… More

A Tiger by the Tail: The Keynesian Legacy of Inflation

– A Tiger by the Tail: The Keynesian Legacy of Inflation. A 40 Years’ Running Commentary on Keynesianism by F. A. Hayek. Compiled and introduced by Sudha R. Shenoy. London: Institute of Economic Affairs (Hobart Paperback #4), 1972
Excerpt from Introduction: “The small book you are holding in your hands is unique. It is perhaps the finest introduction to the thought of a major thinker ever published in the… More

Inflation: The Path to Unemployment

– “Inflation: The Path to Unemployment.” Addendum 2 to Lord Robbins et. al. Inflation: Causes, Consequences, Cures: Discourses on the Debate between the Monetary and the Trade Union Interpretations. London: The Institute for Economic Affairs (IEA Readings, No. 14), 1974, pp. 115–120.

Full Employment at Any Price?

– Full Employment at Any Price? London: Institute of Economic Affairs (Occasional Paper 45), 1975/1978, (Italy 1975), 52 pp.

World Inflationary Recession

– “World Inflationary Recession.” Paper presented to the International Conference on World Economic Stabilization, April 17–18, 1975, co-sponsored by the First National Bank of Chicago and the University of Chicago. First Chicago Report 5/1975.

Hayek and Keynes: A Retrospective Assessment

– O'Driscoll, Jr. Gerald P. “Hayek and Keynes: A Retrospective Assessment.” Iowa State University Department of Economics Staff Paper No. 20. Ames, Iowa: Xerox 1975. [Paper prepared for the Symposium on Austrian Economics, University of Hartford, June 22–28, 1975.]

Inflation, Unemployment and Hayek

– Spencer, Roger W. “Inflation, Unemployment and Hayek.” Review (Federal Reserve Bank of St. Louis.) 57 (1975): 6–10.
Excerpt: “In these times of high unemployment and rising price levels, one looks to the leaders of the economics profession for analysis and solutions. One possible candidate, who has… More

Choice in Currency: A Way to Stop Inflation

– Choice in Currency. A Way to Stop Inflation. London: Institute of Economic Affairs (Occasional Paper 48), February 1976/1977, 46 pp.
Excerpt: The chief root of our present monetary troubles is, of course, the sanction of scientific authority which Lord Keynes and his disciples have given to the age-old superstition that… More

Friedrich A. Hayek: Nobel Prizewinner

– Shearmur, Jeremy.  “Friedrich A. Hayek: Nobel Prizewinner.” In Fritz Machlup, ed., Essays on Hayek. New York: New York University Press, 1976, pp. 171–176.

Economics as a Coordination Problem

– Foreword by F. A. Hayek. In Economics as a Coordination Problem: The Contributions of Friedrich A. Hayek, ed. by Gerald P. O'Driscoll, Jr. Kansas City: Sheed Andrews and McMeel, Inc., 1977.
Foreword by Hayek: “To give a coherent account of the whole of the theoretical work of an economist who has not attempted to do so himself is sometimes a useful task. But the proof of… More

Unemployment and the Free Market

– Interview of Hayek, Firing Line, YouTube video.
Nobel Laureate F A Hayek is interviewed by Firing Line’s William F. Buckley Jr regarding unemployment, inflation, and John Maynard Keynes.

Can we still avoid inflation?

– “Can we still avoid inflation?” In Richard M. Ebeling (ed.) The Austrian Theory of the Trade Cycle and Other Essays. New York: Center for Libertarian Studies (Occasional Paper Series 8) 1978.
Excerpt: “In one sense the question asked in the title of this lecture is purely rhetorical. I hope none of you has suspected me of doubting even for a moment that technically there… More

Axel Leijonhufvud interviews Friedrich A. Hayek

– The Hayek Interviews, Universidad Francisco Marroquín, Date unspecified.
Dr. Hayek speaks with Dr. Axel Leijonhufvud primarily about his academic career and intellectual pursuits. First Dr. Hayek tells of his eclectic course of study at university, including law… More

Introduction: The Debate, 1931–71

– Shenoy, Sudha R. “Introduction: The Debate, 1931–71.” in F.A. Hayek, A Tiger by the Tail: The Keynesian Legacy of Inflation, Cato 1979.
Excerpt: “The roots of current economic ideas and of those guiding the wages policy lie in the 1930s, in discussion inspired by the publication of the General Theory.  Though… More

Hayek on Inflation

– Ebeling, Richard. “Hayek on Inflation.” Unpublished Paper presented to The Carl Menger Society Conference entitled “Hayek—An Introductory Course,” London, Dec. 6, 1980

Masters Of Money – Part 2 – Friedrich Hayek

– Episode 2, BBC series, September 2012.
According to conventional wisdom, today’s global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive… More

Jack High interviews Friedrich A. Hayek

– The Hayek Interviews, Universidad Francisco Marroquín, 1978.
Known as an economist to the world, Dr. Hayek talks with Jack High about the past and present in the realm of economics. Discussing the role of various economists had on his thinking,… More

Commentary

Monetary Theory and the Trade Cycle

– Geldtheorie und Konjunkturtheorie. (Beitrage zur Konjunkturforschung, heraus-gegeben vom Österreichisches Institut für Konjunkturforschung, No. 1). Vienna and Leipzig: Hölder-Pichler-Tempsky, 1929/2, xii, 147 pp. (England 1933, Japan 1935, Spain 1936.) Translated into English  by Lionel Robbins as Monetary Theory and the Trade Cycle. London: Jonathan Cape, 1933, 244 pp. American edition, New York: Harcourt Brace & Co., 1933. Reprinted New York: Augustus M. Kelley, 1966.
The German essay, of which the following is a translation, represents an expanded version of a paper prepared for the meeting of the Verein für Sozialpolitik, held in Zurich in September… More

Prices and Production

– Studies in Economics and Political Science, edited by the director of the London School of Economics and Political Sciences. No. 107 in the series of Monographs by writers connected with the London School of Economics and Political Science.) London: Routledge & Sons, 1931/2, xv, 112 pp. 2nd revised and enlarged edition, London: Routledge & Kegan Paul, 1935/9, also 1967 edition, xiv, 162 pp. American edition, New York: Macmillan, 1932.
These seven works taken together represent the first integration and systematic elaboration of the Austrian theories of money, capital, business cycles, and comparative monetary… More

A Reply to Dr. Hayek

– Keynes, J.M. “A Reply to Dr. Hayek.” Economica 12 (November 1931): 387–397.
Excerpt: “In an article recently published, Dr. Hayek has invited me to clear up some ambiguities of terminology which he finds in my Treatise of Money, and also other matters. As he… More

Money and Capital: A Reply to Mr. Sraffa

– "Money and Capital: A Reply to Mr. Sraffa.” Economic Journal 42 (June 1932): 237–249  
Excerpt: “With an article devoted to a critical discussion of my Prices and Production, Mr. Sraffa has recently entered the arena of monetary controversy. There is no denying the fact… More

A Note on the Development of the Doctrine of ‘Forced Saving’

– “A Note on the Development of the Doctrine of ‘Forced Saving’.” Quarterly Journal of Economics 47 (November 1932): 123–133.
Excerpt: “The enhanced interest in the problem of “forced saving,” due to recent developments in the theory of industrial fluctuations, has led to the discovery of so many more or… More

Capital Consumption

– “Kapitalaufzehrung.” Weltwirtschaftliches Archiv 36 (July 1932/II): 86–108.

Contributions on Monetary Theory

– Beiträge zur Geldtheorie. Edited and prefaced by Friedrich A. Hayek. Contributions by Marco Fanno, Marius W. Holtrop, Johan G. Koopmans, Gunnar Myrdal, Knut Wicksell. Vienna, 1933.

Capital and Industrial Fluctuations

– “Capital and Industrial Fluctuations.” Econometrica 2 (April 1934): 152–167.
Excerpt: A sympathetic criticism of the kind to which the views of the present author have been subjected by Messrs Hansen and Tout in a recent issue of ECONOMETRICA, offers a welcome… More

Saving

– “Saving.” Encyclopaedia of the Social Sciences. New York: Macmillan, 1934. Vol. 13, pp. 548–552.

The Mythology of Capital

– “The Mythology of Capital.” Quarterly Journal of Economics 50 (1936): 199–228.
Excerpt: “Professor Knight’s crusade against the concept of the period of investment revives a controversy which attracted much attention thirty and forty years ago but was not… More

Monetary Nationalism and International Stability

– Geneva, 1937; London: Longmans, Green (The Graduate Institute of International Studies, Geneva, Publication Number 18), 1937, xiv, 94 pp. Reprinted New York: Augustus M. Kelley, 1964, 1971, 1974.
From Preface: “The five lectures which are here reproduced are necessarily confined to certain aspects of the wide subject indicated by the title. They are printed essentially as they… More

Investment that Raises the Demand for Capital

– “Investment that Raises the Demand for Capital.” Review of Economic Statistics 19 (November 1937).
Excerpt: “The purpose of this article is to state a proposition which underlies the modern “monetary over-investment theories” of the trade cycle in a form in which, as… More

Profits, Investment, and Other Essays

– London: Routledge & Kegan Paul, 1939/3, viii, 266 pp., also 1969 edition. Reprinted New York: Augustus M. Kelley, 1969, 1970; Clifton, New Jersey: Augustus M. Kelley, 1975.
From Preface: “The essays collected in this volume are a selection from the various attempts made in the course of the past ten years to improve and develop the outline of a theory of… More

The Paradox of Saving

– "The Paradox of Saving," Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The assertion that saving renders the purchasing power of the consumer insufficient to take up the volume of current production, although made more often by members of the… More

Price Expectations, Monetary Disturbances and Malinvestments

– “Price Expectations, Monetary Disturbances and Malinvestments," Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The most characteristic feature of the work of our generation of economists is probably the general endeavor to apply the methods and results of the pure theory of… More

The Maintenance of Capital

– “The Maintenance of Capital,” Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The significance of the problem. It is not likely that in the whole field of economics there are many more concepts which are at the same time so generally used and so… More

An Enquiry into the Nature and Effects of the Paper Credit of Great Britain

– Henry Thornton. An Enquiry into the Nature and Effects of the Paper Credit of Great Britain (1802). Edited and introduced by Friedrich A. Hayek. London: Allen and Unwin, 1939.
Excerpt: “To most of the contemporaries of Henry Thornton his authorship of the book which is now reprinted after one hundred and thirty-six years would by no means have been regarded… More

Hayek och ‘Ricardo-effekten’

– Welinder, C. “Hayek och ‘Ricardo-effekten’” In Ekonomisk Tidsskrift (Uppsala och Stockholm) 42 (1940): 33–39.

The Pure Theory of Capital

– London: Routledge & Kegan Paul, 1941/2 (also 1950 edition); Chicago: University of Chicago Press, 1941 (also 1950, 1952 and 1975 editions); xxxi, 454 pp. (Spain 1946, Japan 1951 and 1952).
The Pure Theory of Capital, F. A. Hayek’s long-overlooked, little-understood volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic… More

Maintaining Capital Intact: A Reply to Professor Pigou

– “Maintaining Capital Intact: A Reply [to Professor Pigou.]” Economica N.S. 8 (1941): 276–280.
Excerpt: “Professor Pigou’s defense of the conception of “maintaining capital intact” consists essentially of two parts. The first is a restatement of his own attempt to… More

The Ricardo Effect

– “The Ricardo Effect.” Economica N.S. 9 (1942).
Excerpt: “When in a recent essay on industrial fluctuations the author introduced “the familiar Ricardian proposition that a rise in wages will encourage capitalists to substitute… More

Professor Hayek’s Theory of Interest

– Lutz, Friedrich A. “Professor Hayek's Theory of Interest.” Economica 10 (1943): 302–310
Excerpt: “In the following discussion attention will be concentrated on that parts of Prof. Hayek’s Pure Theory of Capital which contains his theory of interest in “real”… More

Richard von Strigl

– “Richard von Strigl” (Obituary). Economic Journal 54 (1944): 284–286.
Strigl, who died in 1944, was a “Neo-Austrian” involved in developing the theory of saving and investment and analyzing monopolistic competition theory.

Keynes vs. Hayek on a Commodity Reserve Currency

– Graham, F.D. “Keynes vs. Hayek on a Commodity Reserve Currency.” The Economic Journal 54 (1944): 422–429.
Excerpt: “The issues raised in Lord Keynes’ reply to Prof. Hayek’s article on a commodity reserve currency, in a recent issue of this journal, seem worthy of more extended… More

Time-Preference and Productivity: A Reconsideration

– “Time-Preference and Productivity: A Reconsideration.” Economica, N.S. no. 4, 12 (February 1945): 22–25.
Excerpt: “The question I wish here to reconsider is in the 1st instance the purely theoretical one of the relative importance, in determining the marginal productivity of investment,… More

Full Employment, Planning and Inflation

– “Full Employment, Planning and Inflation.” Institute of Public Affairs Review 4 (6) (Melbourne, Australia 1950).
Excerpt: “In the five years that have elapsed since the war, central planning, “full employment,” and inflationary pressure  have been the three features which have dominated… More

The Rate of Interest in the Trade Cycle Theories of Prof. Hayek

– Palmer, G.G.D. “The Rate of Interest in the Trade Cycle Theories of Prof. Hayek.” The South African Journal of Economics 23 (1955): 1–18.
Excerpt: “For many years the trade cycle theories of Prof. Hayek have been the centre of interest and controversy. His approach stands in contrast on the one hand to that of the… More

The Economics of Abundance

– “The Economics of Abundance,” in Henry Hazlitt, ed. The Critics of Keynesian Economics. Princeton and London: Van Nostrand Co., 1960, pp. 126–130.
Excerpt: “Now in such a situation, in which abundant unused reserves of all kinds of resources, including all intermediate products, exist, may occasionally prevail in the depths of… More

Prof. Hayek and the Concertina Effect

– Kaldor, N. “Prof. Hayek and the Concertina Effect.” In Economica N.S. 9 (1942): 148–176; reprinted in: Kaldor, Essays on Economic Stability and Growth. London: Duckworth, 1960
Excerpt: “It was more than ten years ago that Prof. Hayek first fascinated the academic world of economists by a new theory of industrial fluctuations which in theoretical conception,… More

The Hayek Story

– Heimann, E. “The Hayek Story.” In Critical Essays in Monetary Theory. Oxford University Press: 1967.

Three Elucidations of the ‘Ricardo Effect’

– “Three Elucidations of the ‘Ricardo Effect’.” Journal of Political Economy 77 (March-April 1969): 274–285.
Excerpt: “The immediate aim of this paper is to clear up a point on which Sir John Hicks in his recent review of my earlier discussions of the relation between the demand for consumer… More

A Tiger by the Tail: The Keynesian Legacy of Inflation

– A Tiger by the Tail: The Keynesian Legacy of Inflation. A 40 Years’ Running Commentary on Keynesianism by F. A. Hayek. Compiled and introduced by Sudha R. Shenoy. London: Institute of Economic Affairs (Hobart Paperback #4), 1972
Excerpt from Introduction: “The small book you are holding in your hands is unique. It is perhaps the finest introduction to the thought of a major thinker ever published in the… More

Inflation: The Path to Unemployment

– “Inflation: The Path to Unemployment.” Addendum 2 to Lord Robbins et. al. Inflation: Causes, Consequences, Cures: Discourses on the Debate between the Monetary and the Trade Union Interpretations. London: The Institute for Economic Affairs (IEA Readings, No. 14), 1974, pp. 115–120.

Full Employment at Any Price?

– Full Employment at Any Price? London: Institute of Economic Affairs (Occasional Paper 45), 1975/1978, (Italy 1975), 52 pp.

World Inflationary Recession

– “World Inflationary Recession.” Paper presented to the International Conference on World Economic Stabilization, April 17–18, 1975, co-sponsored by the First National Bank of Chicago and the University of Chicago. First Chicago Report 5/1975.

Hayek and Keynes: A Retrospective Assessment

– O'Driscoll, Jr. Gerald P. “Hayek and Keynes: A Retrospective Assessment.” Iowa State University Department of Economics Staff Paper No. 20. Ames, Iowa: Xerox 1975. [Paper prepared for the Symposium on Austrian Economics, University of Hartford, June 22–28, 1975.]

Inflation, Unemployment and Hayek

– Spencer, Roger W. “Inflation, Unemployment and Hayek.” Review (Federal Reserve Bank of St. Louis.) 57 (1975): 6–10.
Excerpt: “In these times of high unemployment and rising price levels, one looks to the leaders of the economics profession for analysis and solutions. One possible candidate, who has… More

Choice in Currency: A Way to Stop Inflation

– Choice in Currency. A Way to Stop Inflation. London: Institute of Economic Affairs (Occasional Paper 48), February 1976/1977, 46 pp.
Excerpt: The chief root of our present monetary troubles is, of course, the sanction of scientific authority which Lord Keynes and his disciples have given to the age-old superstition that… More

Friedrich A. Hayek: Nobel Prizewinner

– Shearmur, Jeremy.  “Friedrich A. Hayek: Nobel Prizewinner.” In Fritz Machlup, ed., Essays on Hayek. New York: New York University Press, 1976, pp. 171–176.

Economics as a Coordination Problem

– Foreword by F. A. Hayek. In Economics as a Coordination Problem: The Contributions of Friedrich A. Hayek, ed. by Gerald P. O'Driscoll, Jr. Kansas City: Sheed Andrews and McMeel, Inc., 1977.
Foreword by Hayek: “To give a coherent account of the whole of the theoretical work of an economist who has not attempted to do so himself is sometimes a useful task. But the proof of… More

Unemployment and the Free Market

– Interview of Hayek, Firing Line, YouTube video.
Nobel Laureate F A Hayek is interviewed by Firing Line’s William F. Buckley Jr regarding unemployment, inflation, and John Maynard Keynes.

Can we still avoid inflation?

– “Can we still avoid inflation?” In Richard M. Ebeling (ed.) The Austrian Theory of the Trade Cycle and Other Essays. New York: Center for Libertarian Studies (Occasional Paper Series 8) 1978.
Excerpt: “In one sense the question asked in the title of this lecture is purely rhetorical. I hope none of you has suspected me of doubting even for a moment that technically there… More

Axel Leijonhufvud interviews Friedrich A. Hayek

– The Hayek Interviews, Universidad Francisco Marroquín, Date unspecified.
Dr. Hayek speaks with Dr. Axel Leijonhufvud primarily about his academic career and intellectual pursuits. First Dr. Hayek tells of his eclectic course of study at university, including law… More

Introduction: The Debate, 1931–71

– Shenoy, Sudha R. “Introduction: The Debate, 1931–71.” in F.A. Hayek, A Tiger by the Tail: The Keynesian Legacy of Inflation, Cato 1979.
Excerpt: “The roots of current economic ideas and of those guiding the wages policy lie in the 1930s, in discussion inspired by the publication of the General Theory.  Though… More

Hayek on Inflation

– Ebeling, Richard. “Hayek on Inflation.” Unpublished Paper presented to The Carl Menger Society Conference entitled “Hayek—An Introductory Course,” London, Dec. 6, 1980

Masters Of Money – Part 2 – Friedrich Hayek

– Episode 2, BBC series, September 2012.
According to conventional wisdom, today’s global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive… More

Jack High interviews Friedrich A. Hayek

– The Hayek Interviews, Universidad Francisco Marroquín, 1978.
Known as an economist to the world, Dr. Hayek talks with Jack High about the past and present in the realm of economics. Discussing the role of various economists had on his thinking,… More

Multimedia

Monetary Theory and the Trade Cycle

– Geldtheorie und Konjunkturtheorie. (Beitrage zur Konjunkturforschung, heraus-gegeben vom Österreichisches Institut für Konjunkturforschung, No. 1). Vienna and Leipzig: Hölder-Pichler-Tempsky, 1929/2, xii, 147 pp. (England 1933, Japan 1935, Spain 1936.) Translated into English  by Lionel Robbins as Monetary Theory and the Trade Cycle. London: Jonathan Cape, 1933, 244 pp. American edition, New York: Harcourt Brace & Co., 1933. Reprinted New York: Augustus M. Kelley, 1966.
The German essay, of which the following is a translation, represents an expanded version of a paper prepared for the meeting of the Verein für Sozialpolitik, held in Zurich in September… More

Prices and Production

– Studies in Economics and Political Science, edited by the director of the London School of Economics and Political Sciences. No. 107 in the series of Monographs by writers connected with the London School of Economics and Political Science.) London: Routledge & Sons, 1931/2, xv, 112 pp. 2nd revised and enlarged edition, London: Routledge & Kegan Paul, 1935/9, also 1967 edition, xiv, 162 pp. American edition, New York: Macmillan, 1932.
These seven works taken together represent the first integration and systematic elaboration of the Austrian theories of money, capital, business cycles, and comparative monetary… More

A Reply to Dr. Hayek

– Keynes, J.M. “A Reply to Dr. Hayek.” Economica 12 (November 1931): 387–397.
Excerpt: “In an article recently published, Dr. Hayek has invited me to clear up some ambiguities of terminology which he finds in my Treatise of Money, and also other matters. As he… More

Money and Capital: A Reply to Mr. Sraffa

– "Money and Capital: A Reply to Mr. Sraffa.” Economic Journal 42 (June 1932): 237–249  
Excerpt: “With an article devoted to a critical discussion of my Prices and Production, Mr. Sraffa has recently entered the arena of monetary controversy. There is no denying the fact… More

A Note on the Development of the Doctrine of ‘Forced Saving’

– “A Note on the Development of the Doctrine of ‘Forced Saving’.” Quarterly Journal of Economics 47 (November 1932): 123–133.
Excerpt: “The enhanced interest in the problem of “forced saving,” due to recent developments in the theory of industrial fluctuations, has led to the discovery of so many more or… More

Capital Consumption

– “Kapitalaufzehrung.” Weltwirtschaftliches Archiv 36 (July 1932/II): 86–108.

Contributions on Monetary Theory

– Beiträge zur Geldtheorie. Edited and prefaced by Friedrich A. Hayek. Contributions by Marco Fanno, Marius W. Holtrop, Johan G. Koopmans, Gunnar Myrdal, Knut Wicksell. Vienna, 1933.

Capital and Industrial Fluctuations

– “Capital and Industrial Fluctuations.” Econometrica 2 (April 1934): 152–167.
Excerpt: A sympathetic criticism of the kind to which the views of the present author have been subjected by Messrs Hansen and Tout in a recent issue of ECONOMETRICA, offers a welcome… More

Saving

– “Saving.” Encyclopaedia of the Social Sciences. New York: Macmillan, 1934. Vol. 13, pp. 548–552.

The Mythology of Capital

– “The Mythology of Capital.” Quarterly Journal of Economics 50 (1936): 199–228.
Excerpt: “Professor Knight’s crusade against the concept of the period of investment revives a controversy which attracted much attention thirty and forty years ago but was not… More

Monetary Nationalism and International Stability

– Geneva, 1937; London: Longmans, Green (The Graduate Institute of International Studies, Geneva, Publication Number 18), 1937, xiv, 94 pp. Reprinted New York: Augustus M. Kelley, 1964, 1971, 1974.
From Preface: “The five lectures which are here reproduced are necessarily confined to certain aspects of the wide subject indicated by the title. They are printed essentially as they… More

Investment that Raises the Demand for Capital

– “Investment that Raises the Demand for Capital.” Review of Economic Statistics 19 (November 1937).
Excerpt: “The purpose of this article is to state a proposition which underlies the modern “monetary over-investment theories” of the trade cycle in a form in which, as… More

Profits, Investment, and Other Essays

– London: Routledge & Kegan Paul, 1939/3, viii, 266 pp., also 1969 edition. Reprinted New York: Augustus M. Kelley, 1969, 1970; Clifton, New Jersey: Augustus M. Kelley, 1975.
From Preface: “The essays collected in this volume are a selection from the various attempts made in the course of the past ten years to improve and develop the outline of a theory of… More

The Paradox of Saving

– "The Paradox of Saving," Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The assertion that saving renders the purchasing power of the consumer insufficient to take up the volume of current production, although made more often by members of the… More

Price Expectations, Monetary Disturbances and Malinvestments

– “Price Expectations, Monetary Disturbances and Malinvestments," Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The most characteristic feature of the work of our generation of economists is probably the general endeavor to apply the methods and results of the pure theory of… More

The Maintenance of Capital

– “The Maintenance of Capital,” Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The significance of the problem. It is not likely that in the whole field of economics there are many more concepts which are at the same time so generally used and so… More

An Enquiry into the Nature and Effects of the Paper Credit of Great Britain

– Henry Thornton. An Enquiry into the Nature and Effects of the Paper Credit of Great Britain (1802). Edited and introduced by Friedrich A. Hayek. London: Allen and Unwin, 1939.
Excerpt: “To most of the contemporaries of Henry Thornton his authorship of the book which is now reprinted after one hundred and thirty-six years would by no means have been regarded… More

Hayek och ‘Ricardo-effekten’

– Welinder, C. “Hayek och ‘Ricardo-effekten’” In Ekonomisk Tidsskrift (Uppsala och Stockholm) 42 (1940): 33–39.

The Pure Theory of Capital

– London: Routledge & Kegan Paul, 1941/2 (also 1950 edition); Chicago: University of Chicago Press, 1941 (also 1950, 1952 and 1975 editions); xxxi, 454 pp. (Spain 1946, Japan 1951 and 1952).
The Pure Theory of Capital, F. A. Hayek’s long-overlooked, little-understood volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic… More

Maintaining Capital Intact: A Reply to Professor Pigou

– “Maintaining Capital Intact: A Reply [to Professor Pigou.]” Economica N.S. 8 (1941): 276–280.
Excerpt: “Professor Pigou’s defense of the conception of “maintaining capital intact” consists essentially of two parts. The first is a restatement of his own attempt to… More

The Ricardo Effect

– “The Ricardo Effect.” Economica N.S. 9 (1942).
Excerpt: “When in a recent essay on industrial fluctuations the author introduced “the familiar Ricardian proposition that a rise in wages will encourage capitalists to substitute… More

Professor Hayek’s Theory of Interest

– Lutz, Friedrich A. “Professor Hayek's Theory of Interest.” Economica 10 (1943): 302–310
Excerpt: “In the following discussion attention will be concentrated on that parts of Prof. Hayek’s Pure Theory of Capital which contains his theory of interest in “real”… More

Richard von Strigl

– “Richard von Strigl” (Obituary). Economic Journal 54 (1944): 284–286.
Strigl, who died in 1944, was a “Neo-Austrian” involved in developing the theory of saving and investment and analyzing monopolistic competition theory.

Keynes vs. Hayek on a Commodity Reserve Currency

– Graham, F.D. “Keynes vs. Hayek on a Commodity Reserve Currency.” The Economic Journal 54 (1944): 422–429.
Excerpt: “The issues raised in Lord Keynes’ reply to Prof. Hayek’s article on a commodity reserve currency, in a recent issue of this journal, seem worthy of more extended… More

Time-Preference and Productivity: A Reconsideration

– “Time-Preference and Productivity: A Reconsideration.” Economica, N.S. no. 4, 12 (February 1945): 22–25.
Excerpt: “The question I wish here to reconsider is in the 1st instance the purely theoretical one of the relative importance, in determining the marginal productivity of investment,… More

Full Employment, Planning and Inflation

– “Full Employment, Planning and Inflation.” Institute of Public Affairs Review 4 (6) (Melbourne, Australia 1950).
Excerpt: “In the five years that have elapsed since the war, central planning, “full employment,” and inflationary pressure  have been the three features which have dominated… More

The Rate of Interest in the Trade Cycle Theories of Prof. Hayek

– Palmer, G.G.D. “The Rate of Interest in the Trade Cycle Theories of Prof. Hayek.” The South African Journal of Economics 23 (1955): 1–18.
Excerpt: “For many years the trade cycle theories of Prof. Hayek have been the centre of interest and controversy. His approach stands in contrast on the one hand to that of the… More

The Economics of Abundance

– “The Economics of Abundance,” in Henry Hazlitt, ed. The Critics of Keynesian Economics. Princeton and London: Van Nostrand Co., 1960, pp. 126–130.
Excerpt: “Now in such a situation, in which abundant unused reserves of all kinds of resources, including all intermediate products, exist, may occasionally prevail in the depths of… More

Prof. Hayek and the Concertina Effect

– Kaldor, N. “Prof. Hayek and the Concertina Effect.” In Economica N.S. 9 (1942): 148–176; reprinted in: Kaldor, Essays on Economic Stability and Growth. London: Duckworth, 1960
Excerpt: “It was more than ten years ago that Prof. Hayek first fascinated the academic world of economists by a new theory of industrial fluctuations which in theoretical conception,… More

The Hayek Story

– Heimann, E. “The Hayek Story.” In Critical Essays in Monetary Theory. Oxford University Press: 1967.

Three Elucidations of the ‘Ricardo Effect’

– “Three Elucidations of the ‘Ricardo Effect’.” Journal of Political Economy 77 (March-April 1969): 274–285.
Excerpt: “The immediate aim of this paper is to clear up a point on which Sir John Hicks in his recent review of my earlier discussions of the relation between the demand for consumer… More

A Tiger by the Tail: The Keynesian Legacy of Inflation

– A Tiger by the Tail: The Keynesian Legacy of Inflation. A 40 Years’ Running Commentary on Keynesianism by F. A. Hayek. Compiled and introduced by Sudha R. Shenoy. London: Institute of Economic Affairs (Hobart Paperback #4), 1972
Excerpt from Introduction: “The small book you are holding in your hands is unique. It is perhaps the finest introduction to the thought of a major thinker ever published in the… More

Inflation: The Path to Unemployment

– “Inflation: The Path to Unemployment.” Addendum 2 to Lord Robbins et. al. Inflation: Causes, Consequences, Cures: Discourses on the Debate between the Monetary and the Trade Union Interpretations. London: The Institute for Economic Affairs (IEA Readings, No. 14), 1974, pp. 115–120.

Full Employment at Any Price?

– Full Employment at Any Price? London: Institute of Economic Affairs (Occasional Paper 45), 1975/1978, (Italy 1975), 52 pp.

World Inflationary Recession

– “World Inflationary Recession.” Paper presented to the International Conference on World Economic Stabilization, April 17–18, 1975, co-sponsored by the First National Bank of Chicago and the University of Chicago. First Chicago Report 5/1975.

Hayek and Keynes: A Retrospective Assessment

– O'Driscoll, Jr. Gerald P. “Hayek and Keynes: A Retrospective Assessment.” Iowa State University Department of Economics Staff Paper No. 20. Ames, Iowa: Xerox 1975. [Paper prepared for the Symposium on Austrian Economics, University of Hartford, June 22–28, 1975.]

Inflation, Unemployment and Hayek

– Spencer, Roger W. “Inflation, Unemployment and Hayek.” Review (Federal Reserve Bank of St. Louis.) 57 (1975): 6–10.
Excerpt: “In these times of high unemployment and rising price levels, one looks to the leaders of the economics profession for analysis and solutions. One possible candidate, who has… More

Choice in Currency: A Way to Stop Inflation

– Choice in Currency. A Way to Stop Inflation. London: Institute of Economic Affairs (Occasional Paper 48), February 1976/1977, 46 pp.
Excerpt: The chief root of our present monetary troubles is, of course, the sanction of scientific authority which Lord Keynes and his disciples have given to the age-old superstition that… More

Friedrich A. Hayek: Nobel Prizewinner

– Shearmur, Jeremy.  “Friedrich A. Hayek: Nobel Prizewinner.” In Fritz Machlup, ed., Essays on Hayek. New York: New York University Press, 1976, pp. 171–176.

Economics as a Coordination Problem

– Foreword by F. A. Hayek. In Economics as a Coordination Problem: The Contributions of Friedrich A. Hayek, ed. by Gerald P. O'Driscoll, Jr. Kansas City: Sheed Andrews and McMeel, Inc., 1977.
Foreword by Hayek: “To give a coherent account of the whole of the theoretical work of an economist who has not attempted to do so himself is sometimes a useful task. But the proof of… More

Unemployment and the Free Market

– Interview of Hayek, Firing Line, YouTube video.
Nobel Laureate F A Hayek is interviewed by Firing Line’s William F. Buckley Jr regarding unemployment, inflation, and John Maynard Keynes.

Can we still avoid inflation?

– “Can we still avoid inflation?” In Richard M. Ebeling (ed.) The Austrian Theory of the Trade Cycle and Other Essays. New York: Center for Libertarian Studies (Occasional Paper Series 8) 1978.
Excerpt: “In one sense the question asked in the title of this lecture is purely rhetorical. I hope none of you has suspected me of doubting even for a moment that technically there… More

Axel Leijonhufvud interviews Friedrich A. Hayek

– The Hayek Interviews, Universidad Francisco Marroquín, Date unspecified.
Dr. Hayek speaks with Dr. Axel Leijonhufvud primarily about his academic career and intellectual pursuits. First Dr. Hayek tells of his eclectic course of study at university, including law… More

Introduction: The Debate, 1931–71

– Shenoy, Sudha R. “Introduction: The Debate, 1931–71.” in F.A. Hayek, A Tiger by the Tail: The Keynesian Legacy of Inflation, Cato 1979.
Excerpt: “The roots of current economic ideas and of those guiding the wages policy lie in the 1930s, in discussion inspired by the publication of the General Theory.  Though… More

Hayek on Inflation

– Ebeling, Richard. “Hayek on Inflation.” Unpublished Paper presented to The Carl Menger Society Conference entitled “Hayek—An Introductory Course,” London, Dec. 6, 1980

Masters Of Money – Part 2 – Friedrich Hayek

– Episode 2, BBC series, September 2012.
According to conventional wisdom, today’s global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive… More

Jack High interviews Friedrich A. Hayek

– The Hayek Interviews, Universidad Francisco Marroquín, 1978.
Known as an economist to the world, Dr. Hayek talks with Jack High about the past and present in the realm of economics. Discussing the role of various economists had on his thinking,… More

Teaching

Monetary Theory and the Trade Cycle

– Geldtheorie und Konjunkturtheorie. (Beitrage zur Konjunkturforschung, heraus-gegeben vom Österreichisches Institut für Konjunkturforschung, No. 1). Vienna and Leipzig: Hölder-Pichler-Tempsky, 1929/2, xii, 147 pp. (England 1933, Japan 1935, Spain 1936.) Translated into English  by Lionel Robbins as Monetary Theory and the Trade Cycle. London: Jonathan Cape, 1933, 244 pp. American edition, New York: Harcourt Brace & Co., 1933. Reprinted New York: Augustus M. Kelley, 1966.
The German essay, of which the following is a translation, represents an expanded version of a paper prepared for the meeting of the Verein für Sozialpolitik, held in Zurich in September… More

Prices and Production

– Studies in Economics and Political Science, edited by the director of the London School of Economics and Political Sciences. No. 107 in the series of Monographs by writers connected with the London School of Economics and Political Science.) London: Routledge & Sons, 1931/2, xv, 112 pp. 2nd revised and enlarged edition, London: Routledge & Kegan Paul, 1935/9, also 1967 edition, xiv, 162 pp. American edition, New York: Macmillan, 1932.
These seven works taken together represent the first integration and systematic elaboration of the Austrian theories of money, capital, business cycles, and comparative monetary… More

A Reply to Dr. Hayek

– Keynes, J.M. “A Reply to Dr. Hayek.” Economica 12 (November 1931): 387–397.
Excerpt: “In an article recently published, Dr. Hayek has invited me to clear up some ambiguities of terminology which he finds in my Treatise of Money, and also other matters. As he… More

Money and Capital: A Reply to Mr. Sraffa

– "Money and Capital: A Reply to Mr. Sraffa.” Economic Journal 42 (June 1932): 237–249  
Excerpt: “With an article devoted to a critical discussion of my Prices and Production, Mr. Sraffa has recently entered the arena of monetary controversy. There is no denying the fact… More

A Note on the Development of the Doctrine of ‘Forced Saving’

– “A Note on the Development of the Doctrine of ‘Forced Saving’.” Quarterly Journal of Economics 47 (November 1932): 123–133.
Excerpt: “The enhanced interest in the problem of “forced saving,” due to recent developments in the theory of industrial fluctuations, has led to the discovery of so many more or… More

Capital Consumption

– “Kapitalaufzehrung.” Weltwirtschaftliches Archiv 36 (July 1932/II): 86–108.

Contributions on Monetary Theory

– Beiträge zur Geldtheorie. Edited and prefaced by Friedrich A. Hayek. Contributions by Marco Fanno, Marius W. Holtrop, Johan G. Koopmans, Gunnar Myrdal, Knut Wicksell. Vienna, 1933.

Capital and Industrial Fluctuations

– “Capital and Industrial Fluctuations.” Econometrica 2 (April 1934): 152–167.
Excerpt: A sympathetic criticism of the kind to which the views of the present author have been subjected by Messrs Hansen and Tout in a recent issue of ECONOMETRICA, offers a welcome… More

Saving

– “Saving.” Encyclopaedia of the Social Sciences. New York: Macmillan, 1934. Vol. 13, pp. 548–552.

The Mythology of Capital

– “The Mythology of Capital.” Quarterly Journal of Economics 50 (1936): 199–228.
Excerpt: “Professor Knight’s crusade against the concept of the period of investment revives a controversy which attracted much attention thirty and forty years ago but was not… More

Monetary Nationalism and International Stability

– Geneva, 1937; London: Longmans, Green (The Graduate Institute of International Studies, Geneva, Publication Number 18), 1937, xiv, 94 pp. Reprinted New York: Augustus M. Kelley, 1964, 1971, 1974.
From Preface: “The five lectures which are here reproduced are necessarily confined to certain aspects of the wide subject indicated by the title. They are printed essentially as they… More

Investment that Raises the Demand for Capital

– “Investment that Raises the Demand for Capital.” Review of Economic Statistics 19 (November 1937).
Excerpt: “The purpose of this article is to state a proposition which underlies the modern “monetary over-investment theories” of the trade cycle in a form in which, as… More

Profits, Investment, and Other Essays

– London: Routledge & Kegan Paul, 1939/3, viii, 266 pp., also 1969 edition. Reprinted New York: Augustus M. Kelley, 1969, 1970; Clifton, New Jersey: Augustus M. Kelley, 1975.
From Preface: “The essays collected in this volume are a selection from the various attempts made in the course of the past ten years to improve and develop the outline of a theory of… More

The Paradox of Saving

– "The Paradox of Saving," Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The assertion that saving renders the purchasing power of the consumer insufficient to take up the volume of current production, although made more often by members of the… More

Price Expectations, Monetary Disturbances and Malinvestments

– “Price Expectations, Monetary Disturbances and Malinvestments," Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The most characteristic feature of the work of our generation of economists is probably the general endeavor to apply the methods and results of the pure theory of… More

The Maintenance of Capital

– “The Maintenance of Capital,” Profits, Interest and Investment: and Other Essays on The Theory on Industrial Fluctuations. London: Routledge & Kegan Paul, 1939.
Excerpt: “The significance of the problem. It is not likely that in the whole field of economics there are many more concepts which are at the same time so generally used and so… More

An Enquiry into the Nature and Effects of the Paper Credit of Great Britain

– Henry Thornton. An Enquiry into the Nature and Effects of the Paper Credit of Great Britain (1802). Edited and introduced by Friedrich A. Hayek. London: Allen and Unwin, 1939.
Excerpt: “To most of the contemporaries of Henry Thornton his authorship of the book which is now reprinted after one hundred and thirty-six years would by no means have been regarded… More

Hayek och ‘Ricardo-effekten’

– Welinder, C. “Hayek och ‘Ricardo-effekten’” In Ekonomisk Tidsskrift (Uppsala och Stockholm) 42 (1940): 33–39.

The Pure Theory of Capital

– London: Routledge & Kegan Paul, 1941/2 (also 1950 edition); Chicago: University of Chicago Press, 1941 (also 1950, 1952 and 1975 editions); xxxi, 454 pp. (Spain 1946, Japan 1951 and 1952).
The Pure Theory of Capital, F. A. Hayek’s long-overlooked, little-understood volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic… More

Maintaining Capital Intact: A Reply to Professor Pigou

– “Maintaining Capital Intact: A Reply [to Professor Pigou.]” Economica N.S. 8 (1941): 276–280.
Excerpt: “Professor Pigou’s defense of the conception of “maintaining capital intact” consists essentially of two parts. The first is a restatement of his own attempt to… More

The Ricardo Effect

– “The Ricardo Effect.” Economica N.S. 9 (1942).
Excerpt: “When in a recent essay on industrial fluctuations the author introduced “the familiar Ricardian proposition that a rise in wages will encourage capitalists to substitute… More

Professor Hayek’s Theory of Interest

– Lutz, Friedrich A. “Professor Hayek's Theory of Interest.” Economica 10 (1943): 302–310
Excerpt: “In the following discussion attention will be concentrated on that parts of Prof. Hayek’s Pure Theory of Capital which contains his theory of interest in “real”… More

Richard von Strigl

– “Richard von Strigl” (Obituary). Economic Journal 54 (1944): 284–286.
Strigl, who died in 1944, was a “Neo-Austrian” involved in developing the theory of saving and investment and analyzing monopolistic competition theory.

Keynes vs. Hayek on a Commodity Reserve Currency

– Graham, F.D. “Keynes vs. Hayek on a Commodity Reserve Currency.” The Economic Journal 54 (1944): 422–429.
Excerpt: “The issues raised in Lord Keynes’ reply to Prof. Hayek’s article on a commodity reserve currency, in a recent issue of this journal, seem worthy of more extended… More

Time-Preference and Productivity: A Reconsideration

– “Time-Preference and Productivity: A Reconsideration.” Economica, N.S. no. 4, 12 (February 1945): 22–25.
Excerpt: “The question I wish here to reconsider is in the 1st instance the purely theoretical one of the relative importance, in determining the marginal productivity of investment,… More

Full Employment, Planning and Inflation

– “Full Employment, Planning and Inflation.” Institute of Public Affairs Review 4 (6) (Melbourne, Australia 1950).
Excerpt: “In the five years that have elapsed since the war, central planning, “full employment,” and inflationary pressure  have been the three features which have dominated… More

The Rate of Interest in the Trade Cycle Theories of Prof. Hayek

– Palmer, G.G.D. “The Rate of Interest in the Trade Cycle Theories of Prof. Hayek.” The South African Journal of Economics 23 (1955): 1–18.
Excerpt: “For many years the trade cycle theories of Prof. Hayek have been the centre of interest and controversy. His approach stands in contrast on the one hand to that of the… More

The Economics of Abundance

– “The Economics of Abundance,” in Henry Hazlitt, ed. The Critics of Keynesian Economics. Princeton and London: Van Nostrand Co., 1960, pp. 126–130.
Excerpt: “Now in such a situation, in which abundant unused reserves of all kinds of resources, including all intermediate products, exist, may occasionally prevail in the depths of… More

Prof. Hayek and the Concertina Effect

– Kaldor, N. “Prof. Hayek and the Concertina Effect.” In Economica N.S. 9 (1942): 148–176; reprinted in: Kaldor, Essays on Economic Stability and Growth. London: Duckworth, 1960
Excerpt: “It was more than ten years ago that Prof. Hayek first fascinated the academic world of economists by a new theory of industrial fluctuations which in theoretical conception,… More

The Hayek Story

– Heimann, E. “The Hayek Story.” In Critical Essays in Monetary Theory. Oxford University Press: 1967.

Three Elucidations of the ‘Ricardo Effect’

– “Three Elucidations of the ‘Ricardo Effect’.” Journal of Political Economy 77 (March-April 1969): 274–285.
Excerpt: “The immediate aim of this paper is to clear up a point on which Sir John Hicks in his recent review of my earlier discussions of the relation between the demand for consumer… More

A Tiger by the Tail: The Keynesian Legacy of Inflation

– A Tiger by the Tail: The Keynesian Legacy of Inflation. A 40 Years’ Running Commentary on Keynesianism by F. A. Hayek. Compiled and introduced by Sudha R. Shenoy. London: Institute of Economic Affairs (Hobart Paperback #4), 1972
Excerpt from Introduction: “The small book you are holding in your hands is unique. It is perhaps the finest introduction to the thought of a major thinker ever published in the… More

Inflation: The Path to Unemployment

– “Inflation: The Path to Unemployment.” Addendum 2 to Lord Robbins et. al. Inflation: Causes, Consequences, Cures: Discourses on the Debate between the Monetary and the Trade Union Interpretations. London: The Institute for Economic Affairs (IEA Readings, No. 14), 1974, pp. 115–120.

Full Employment at Any Price?

– Full Employment at Any Price? London: Institute of Economic Affairs (Occasional Paper 45), 1975/1978, (Italy 1975), 52 pp.

World Inflationary Recession

– “World Inflationary Recession.” Paper presented to the International Conference on World Economic Stabilization, April 17–18, 1975, co-sponsored by the First National Bank of Chicago and the University of Chicago. First Chicago Report 5/1975.

Hayek and Keynes: A Retrospective Assessment

– O'Driscoll, Jr. Gerald P. “Hayek and Keynes: A Retrospective Assessment.” Iowa State University Department of Economics Staff Paper No. 20. Ames, Iowa: Xerox 1975. [Paper prepared for the Symposium on Austrian Economics, University of Hartford, June 22–28, 1975.]

Inflation, Unemployment and Hayek

– Spencer, Roger W. “Inflation, Unemployment and Hayek.” Review (Federal Reserve Bank of St. Louis.) 57 (1975): 6–10.
Excerpt: “In these times of high unemployment and rising price levels, one looks to the leaders of the economics profession for analysis and solutions. One possible candidate, who has… More

Choice in Currency: A Way to Stop Inflation

– Choice in Currency. A Way to Stop Inflation. London: Institute of Economic Affairs (Occasional Paper 48), February 1976/1977, 46 pp.
Excerpt: The chief root of our present monetary troubles is, of course, the sanction of scientific authority which Lord Keynes and his disciples have given to the age-old superstition that… More

Friedrich A. Hayek: Nobel Prizewinner

– Shearmur, Jeremy.  “Friedrich A. Hayek: Nobel Prizewinner.” In Fritz Machlup, ed., Essays on Hayek. New York: New York University Press, 1976, pp. 171–176.

Economics as a Coordination Problem

– Foreword by F. A. Hayek. In Economics as a Coordination Problem: The Contributions of Friedrich A. Hayek, ed. by Gerald P. O'Driscoll, Jr. Kansas City: Sheed Andrews and McMeel, Inc., 1977.
Foreword by Hayek: “To give a coherent account of the whole of the theoretical work of an economist who has not attempted to do so himself is sometimes a useful task. But the proof of… More

Unemployment and the Free Market

– Interview of Hayek, Firing Line, YouTube video.
Nobel Laureate F A Hayek is interviewed by Firing Line’s William F. Buckley Jr regarding unemployment, inflation, and John Maynard Keynes.

Can we still avoid inflation?

– “Can we still avoid inflation?” In Richard M. Ebeling (ed.) The Austrian Theory of the Trade Cycle and Other Essays. New York: Center for Libertarian Studies (Occasional Paper Series 8) 1978.
Excerpt: “In one sense the question asked in the title of this lecture is purely rhetorical. I hope none of you has suspected me of doubting even for a moment that technically there… More

Axel Leijonhufvud interviews Friedrich A. Hayek

– The Hayek Interviews, Universidad Francisco Marroquín, Date unspecified.
Dr. Hayek speaks with Dr. Axel Leijonhufvud primarily about his academic career and intellectual pursuits. First Dr. Hayek tells of his eclectic course of study at university, including law… More

Introduction: The Debate, 1931–71

– Shenoy, Sudha R. “Introduction: The Debate, 1931–71.” in F.A. Hayek, A Tiger by the Tail: The Keynesian Legacy of Inflation, Cato 1979.
Excerpt: “The roots of current economic ideas and of those guiding the wages policy lie in the 1930s, in discussion inspired by the publication of the General Theory.  Though… More

Hayek on Inflation

– Ebeling, Richard. “Hayek on Inflation.” Unpublished Paper presented to The Carl Menger Society Conference entitled “Hayek—An Introductory Course,” London, Dec. 6, 1980

Masters Of Money – Part 2 – Friedrich Hayek

– Episode 2, BBC series, September 2012.
According to conventional wisdom, today’s global financial crisis happened because markets were not regulated enough. But what if the opposite is true? That it was excessive… More

Jack High interviews Friedrich A. Hayek

– The Hayek Interviews, Universidad Francisco Marroquín, 1978.
Known as an economist to the world, Dr. Hayek talks with Jack High about the past and present in the realm of economics. Discussing the role of various economists had on his thinking,… More