04459cam a2200385 a 4500 17463766 BD-DhUL 20160626115047.0 120914s2012 ilua b 001 0 eng d 2012406488 9780226320441 (cloth : pt. 1) 0226320448 (cloth : pt. 1) 9780226320472 (cloth : pt. 2) 0226320472 (cloth : pt. 2) (OCoLC)ocn756577587 BTCTA eng BTCTA YDXCP BDX HIN OCLCO VKC OCLCO UAB BUF CDX DLC DLC BD-DhUL lccopycat HB3711 .H349 2012 382 MAT Hayek, Friedrich A. von (Friedrich August), 1899-1992. Business cycles / edited by Hansjoerg Klausinger. Chicago : University of Chicago Press, 2012. 2 v. : ill. ; 24 cm. The collected works of F.A. Hayek ; v. 7-8 Includes bibliographical references and indexes. Part 1 [v.1]. Editorial Foreword; Introduction; Monetary Theory and The Trade Cycle: Introduction to the Series, by Lionel Robbins (1933); Preface (1933); Preface to the German Edition, Geldtheorie und Konjunkturtheorie (1929); Preface to the Reprint of the German Edition (1976); Analytical Table of Contents; One. The Problem of the Trade Cycle; Two. Non- Monetary Theories of the Trade Cycle; Three. Monetary Theories of the Trade Cycle; Four. The Fundamental Cause of Cyclical Fluctuations; Five. Unsettled Problems of Trade Cycle Theory; Prices and Production. Foreword to the First Edition, by Lionel Robbins (1931)Preface to the First Edition (1931); Preface to the Second Edition (1935); Preface to the German Edition, Preise und Produktion (1931); Preface to the Reprint of the German Edition (1976); Lecture One: Theories of the Influence of Money on Prices; Lecture Two: The Conditions of Equilibrium between the Production of Consumers' Goods and the Production of Producers' Goods; Lecture Three: The Working of the Price Mechanism in the Course of the Credit Cycle; Appendix: A Note on the History of the Doctrines Developed in the Preceding Lecture. Lecture Four: The Case for and against an 'Elastic' CurrencyAppendix: Some Supplementary Remarks on 'Neutral Money'; Index -- Part 2 [v.2]. Editorial Foreword; Introduction; One: Investigations into Monetary Theory; Appendix: The Exchange Value of Money; A Review; Two: The Purchasing Power of the Consumer and the Depression; Three: A Note on the Development of the Doctrine of 'Forced Saving'; Four: The Present State and Immediate Prospects of the Study of Industrial Fluctuations; Five: Restoring the Price -- Level?; Appendix: Excerpt from a Letter, F.A. Hayek to Gottfried Haberler, December 20, 1931; Six: Capital and Industrial Fluctuations: A Reply to a Criticism; Seven: Investment that Raises the Demand for Capital. Eight: Profits, Interest and Investment. Nine: The Ricardo Effect; Ten: Professor Hayek and the Concertina -- Effect, by Nicholas Kaldor; A Comment; Postscript, by Nicholas Kaldor; Postscript; Eleven: Three Elucidations of the Ricardo Effect; Twelve: The Flow of Goods and Services; Index. In the years following its publication, F.A. Hayek's pioneering work on business cycles was regarded as an important challenge to what was later 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. The latest editions in the University of Chicago Press's ongoing series The Collected Works of F.A. Hayek, Business Cycles, Part I contains Hayek's two major contributions on the topic: Monetary Theory and the Trade Cycle and Prices and Production. Moving away from the classical emphasis on equilibrium analysis, 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. Business cycles. Prices. Money. Klausinger, Hansjörg. Hayek, Friedrich A. von (Friedrich August), 1899-1992. Works. 1989 ; v. 7-8. ddc BK 80367 80367 0 0 ddc 0 MAT 0 NFIC 135361 DUL DUL GEN 2016-06-26 Gift MAT 2016-06-26 2016-06-26 BK