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the three-quarters of century, from the time of Keynes to the present day. The essays are originally based on lecture … contemporary debates.<b>Contents:</b> <ul> <li>Money, Debt and Credit in the Enterprise Economy</li> <li>The Recurring Debates in … Monetary Economics</li> <li>Variations on the Theme of the Quantity Theory of Money</li> <li>Wicksellian and Neo …
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Joseph Schumpeter, a careful reader of Hayek, categorized Hayek’s theory of economic cycles as non-monetary. Almost … every other source, including Hayek himself, categorized the theory as monetary. The issue turns on the concept of causality …
Persistent link: https://www.econbiz.de/10010863650
Hayek’s "Denationalization of money". Interestingly, Hayek never considered differentiation and specialization by innovative … private currencies could run on different functions of money, especially the function as a store of value and that as a means … of exchange, which partly explains the differences in the set-up of private currencies that Hayek demanded and that of …
Persistent link: https://www.econbiz.de/10013499180
This paper examines and compares, in both historical and theoretical perspectives, Hayek and Schumpeter's account of … the common inheritance ofthese two authors, which can be traced back to Wicksell, going from Mises whose Theory of Money … and Credit provides, as we shall see, a crucial link in this perspective.The two following sections deal with Hayek and …
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Contemporary monetary systems permit those in positions of authority to exercise discretionary power in the pursuit of monetary policy objectives. We argue there are strong prima facie reasons why this is normatively problematic. Engaging the literature on the rule of law, we argue that a...
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on Keynes's place in its history, suggesting that these stem from a particular and debatable understanding of how the … subdiscipline has evolved. It considers some implications for today's awkward economic facts of aspects of Keynes' General Theory … that the questions about co-ordination that Keynes addressed, not to mention some of his answers, are well worth revisiting. …
Persistent link: https://www.econbiz.de/10010292008