Home » Good money. Part II, The standard by Friedrich Hayek
Good money. Part II, The standard Friedrich Hayek

Good money. Part II, The standard

Friedrich Hayek

Published May 10th 2014
ISBN : 9780226321196
Unknown Binding
270 pages
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 About the Book 

Offers five articles that advance F.A. Fayeks ideas about money. In these essays Hayek investigates the consequences of the predicament of composition. This principle works on the premise that the entire society cannot simultaneously increaseMoreOffers five articles that advance F.A. Fayeks ideas about money. In these essays Hayek investigates the consequences of the predicament of composition. This principle works on the premise that the entire society cannot simultaneously increase liquidity by selling property or services for cash. This analysis led Hayek to make what was perhaps his most controversial proposal: that governments should be denied a monopoly on the coining of money.