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Good Money, Part I: The New World

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Hayek's deep interest in the concept of money and its role within the economy is developed in "Good Money, Part I". Consisting of seven of Hayek's most significant monetary writings from the 1920s, this collection focuses on his critique of the idea that price stabilisation is consistent with the stabilisation of foreign exchange.

Author: Hayek Friedrich
Publisher: LIBERTY FUND
Pages: 259
ISBN: 9780865977457
Cover: Paperback
Edition Number: 1
Release Year: 1999

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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