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Business Cycles: Part II

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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 monetary origins of the current economic and financial crisis, economics are once again paying heed to Hayek’s thoughts on the repercussions of excessive central bank interventions. Business Cycles, Part II assembles twelve of Hayek’s shorter papers on the topic, ranging from 1920s to 1981, his final word on the subject. They include four previously unpublished works.

Author: Hayek Friedrich
Publisher: LIBERTY FUND
Pages: 360
ISBN: 9780865979048
Cover: Paperback
Edition Number: 1
Release Year: 2017

F. A. Hayek (1899–1992), 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.

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