000			03150cam a2200289 i 4500
003			MIUC
005			20190116130050.0
008			160701s2017 inu b 001 0 eng
020			_a9780865979031 (pt. 1)
020			_a9780865979048 (pt. 2)
040			_aDLC _beng _cDLC _erda _dMIUC
082	0	0	_a338.5
100	1		_aHayek, Friedrich A. von _q(Friedrich August), _d1899-1992 _9763
240	1	0	_aWorks. _kSelections
245	1	0	_aBusiness cycles / _cedited by Hansjoerg Klausinger.
260			_aCarmel, Indiana : _bLiberty Fund, _c2017.
300			_a2 v. (x, 349 p.) ; _c23 cm.
490	0		_aThe collected works of F.A. Hayek ; _vvolumes 7-8
504			_aIncludes bibliographical references and index.
505	0		_aPart I: Introduction -- Monetary theory and the trade cycle -- Princes and production -- Part II: Introduction -- Ch. 1. Investigations into monetary theory -- Ch. 2. The purchasing power of the consumer and the depression -- Ch. 3. A note on the development of the doctrine of " forced saving' -- Ch. 4. The present state and immediate prospects of the study of industrial fluctuations -- Ch. 5. Restoring the price-level? -- Ch. 6. Capital and industrial fluctuations: a reply to a criticism -- Ch. 7. Investment that raises the demand for capital -- Ch. 8. Profits, interest and investment -- Ch. 9. The Ricardo effect -- Ch. 10. Professor Hayek and the concertina-effect, by Nicholas Kaldor -- Ch. 11. Three elucidations of the Ricardo effect -- Ch. 12. The flow of goods and services.
520			_aIn the years following its publication, F. A. Hayek’s pioneering work on business cycles was regarded as an important challenge to what later became 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. Business Cycles, Part I and Business Cycles, Part II bring together Hayek’s work on what causes periods of boom and bust in the economy. Moving away from the classical emphasis on equilibrium, Hayek demonstrates that business cycles are generated by the adaptation of the structure of production to changes in relative demand. Thus, when central banks artificially lower interest rates, the result is a misallocation of capital and the creation of asset bubbles and additional instability. Part I contains his two major monographs on the topic: Monetary Theory and the Trade Cycle and Prices and Production. Part II assembles twelve of his shorter papers on the topic, covering a period from the 1920s to 1981 and revealing the evolution of Hayek’s thought. In addition to bringing together Hayek’s work on business cycles, these two volumes also include extensive introductions by Hansjoerg Klausinger, placing the writings in intellectual context, including their reception and the theoretical debates to which they contributed.
650		0	_aBusiness cycles _9760
650		0	_aPrices _9761
650		0	_aMoney _9762
700	1		_aKlausinger, Hansjörg _4edt _9759
942			_2ddc _cBK