Consisting of seven of the author's most significant monetary writings from the 1920s, this collection focuses on his critique of the idea that price stabilization is consistent with the stabilization of foreign exchange.

This complementary volume provides five additional essays to expand our understanding of Hayek's ideas about money and monetary policy.

Hayek's most detailed work in economic theory, The Pure Theory of Capital has long been overlooked. First published in 1941, it stood in sharp contrast with fashionable economic thought, which had shifted under the influence of John Maynard Keynes. This publication represents Hayek's last major work in economics. This volume offers a detailed account of the equilibrium relationships between inputs and outputs in a time-filled economy. Hayek's stated objective was to make capital theory -- which had previously been devoted almost entirely to the explanation of interest rates -- useful for the...

In this collection of essays, some of which appear here in English for the first time, F.A. Hayek traces his intellectual roots to the Austrian School. The text also links the Austrian School to the modern rebirth of classical liberal thought.

Produced throughout the first fifteen years of Hayek's career, the writings collected in Capital and Interest see Hayek elaborate upon and extend his landmark lectures that were published as Prices and Production and work toward the technically sophisticated line of thought seen in his later Pure Theory of Capital. Illuminating the development of Hayek's detailed contributions to capital and interest theory, the collection also sheds light on how Hayek's work related to other influential economists of the time. Highlights include the 1936 article "The Mythology of...