This volume gives readers insight into F. A. Hayek’s life and ideas. This detailed chronology depicts Hayek’s early life and education, his intellectual progress, and the academic and public reception of his ideas through a series of oral history interviews. Hayek’s own autobiographical notes are included.
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.
In The Trend of Economic Thinking Hayek presents many of the figures that influenced the development of his economic thought. The articles range from well-known economists such as Mandeville, Hume, Smith, and Bastiat, to lesser-known figures such as Dupuit and Gossen, showing the breadth of Hayek’s study of the history of economic thought.
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 stabilization is consistent with the stabilization of foreign exchange.