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Business cycles.
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ISBN: 9780226320472 9780226320441 0226320448 0226320472 Year: 2012 Volume: 7-8 Publisher: Chicago University of Chicago

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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

The history of economic thought : a reader
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ISBN: 0415205514 0415205506 020338878X 1134627033 1280023066 0203380290 Year: 2003 Publisher: London, New York Routledge

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This new reader in the history of economic thought is edited by two of the most respected figures in the field. With clearly written summaries putting each selection into context, this book will be of great use to students and lecturers of the history of economic thought as it goes beyond the simple reprinting of articles.Selections and discussions include such thinkers as Aristotle, John Locke, François Quesnay, David Hume, Jean-Baptiste Say, Karl Marx, William Stanley Jevons, Irving Fisher and Thorstein Veblen. The History of Economic Thought: A Reader can be used

A history of Russian economic thought
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ISBN: 0415352649 0415547660 9786610290284 1134261918 1280290285 0203171969 9780203171967 9781134261918 9781134261864 9781134261901 9780415352642 9780415547666 Year: 2005 Publisher: London ; New York, NY : Routledge,

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The collapse of the Union of Soviet Socialist Republic at the end of the 1980's was conceived as a victory for capitalist democracy. Here, Vincent Barnett provides the first comprehensive account of the historical development of Russian and Soviet economic thought across the nineteenth and twentieth centuries, and considers its future in the twenty-first century.Utilizing an extensive range of historical sources, Barnett examines the different strands of thought, including classical, neoclassical, historical, socialist, liberal and Marxian schools. He traces their influence, a

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