Hayek's evolving thought on gold and the gold standard is complex and, at times, confusing. Hayek initially supported the gold standard and paid special attention to those nations whose central banking policies he viewed as relatively loose. Early on he viewed attempts at stabilization of...

Chapter 1. Introduction -- PART 1: NATIONAL PAYMENTS- Chapter 2. Nominal and real money, general equivalent, and value -- Chapter 3. From money as a numéraire to the quantity theory of money -- Chapter 4. Keynes on bank money and the ‘monetary theory of production’ -- Chapter 5. The...

This book deals with the financial side of international economics and covers all aspects of international finance. There are many books and articles by exponents of alternative points of view. I know of no other book that provides the scope, balance, objectivity and rigor of this book. the late...