Good Money, Part II The Standard

By F. A. Hayek
Edited by Stephen Kresge


This complementary volume provides five additional essays to expand our understanding of Hayek’s ideas about money and monetary policy. Good Money, Part II: The Standard investigates the consequences of the “predicament of composition” which led to one of Hayek’s most controversial proposals: that governments should be denied a monopoly on the coining of money.

F. A. Hayek (1899–1992) was awarded the Nobel Memorial Prize in Economic Sciences in 1974 and the Presidential Medal of Freedom in 1991. He was one of the leading Austrian economists and political philosophers of the twentieth century.


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Trim size: 6 x 9

Pages: 270

Collection: The Collected Works of F. A. Hayek

Published: April 2009