Business Cycles, Part I (The Collected Works of F. A. Hayek)
Hayek's foundational monographs challenging Keynesian macroeconomics on business cycles.
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Print Length:
304 pages
Publication Date:
March 24, 2017
Other Titles By F. A. Hayek
The Road to Serfdom: Text and Documents (The Collected Works of F. A. Hayek)
Essays on Liberalism and the Economy (The Collected Works of F.A. Hayek)
The Pure Theory of Capital (The Collected Works of F.A. Hayek)
The Trend of Economic Thinking: Essays on Political Economists and Economic History (The Collected Works of F. A. Hayek)
Business Cycles, Part I (The Collected Works of F. A. Hayek)
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Edited by Hansjoerg Klausinger, this volume contains Hayek's major monographs on business cycles: "Monetary Theory and the Trade Cycle" and "Prices and Production." These foundational works challenge Keynesian macroeconomics by explaining how artificial interest rate manipulation leads to capital misallocation and economic instability. The book provides essential context for understanding Hayek's influence on macroeconomic theory and policy debates.
