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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 III, Part IV

Published Thu, Jul 9 2009 4:50 PM | laminustacitus

The importance that the adjustments of the price mechanism free of any external influences has in respect to a prospering economy is highlighted when we investigate the results of the “'natural' movement of prices” is disrupted by...

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