Description: 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 the monetary origins of the current economic and financial crisis, economists are once again paying heed to Hayek 's thoughts on the repercussions of excessive central bank interventions. The latest editions in the University of Chicago Press 's ongoing series The Collected Works of F.A. Hayek, these volumes bring together Hayek 's work on what causes periods.
Brief description:
F. A. Hayek (1899-1992), recipient of the Presidential Medal of Freedom in 1991 and co-winner of the Nobel Prize in Economics in 1974, was a pioneer in monetary theory and a leading proponent of classical liberalism in the twentieth century. He taught at the University of Vienna, University of London, University of Chicago, and University of Freiburg.
Review Quotes: "The two Business Cycles volumes bring together some of Hayek's most substantial contributions to technical economics--and on a topic of enduring interest. The finely crafted introductions by the editor, Hansjoerg Klausinger, add both importance and interest to the volumes."--Roger W. Garrison, Auburn University