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Prices, and Production: Lecture III, Part V

Published Fri, Sep 4 2009 2:04 AM | laminustacitus

It is now time to move from a case where credits are given to producers to where consumers are being given credits. Indeed, the general effects of an increase of money via consumers' credits, which will result in an increased relative demand for consumers'...

Filed under: F.A. Hayek, Prices and Production, Hayek, economics, theory of capital, monetary theory, aggregates, markets, business cycles

Prices and Production, Lecture I: Part I

Published Sun, Feb 15 2009 5:57 AM | laminustacitus

The first lecture of Prices and Production is primarily concerned with the critique of aggregates and contemporary economics, premodern theories of money and interest, the doctrine of forced savings, and the role of the interest rate in respect to keeping...

Filed under: F.A. Hayek, Prices and Production, economics, monetary theory, prices, quantitative economics, aggregates