Category Archives: Larry White
The two discuss Hayek’s ideas on money, credit, and the business cycle.
During the [1950s] modern economic history took a dramatic swing away from the liberal-left consensus established by the Hammonds, Tawney and the Webbs. The seminal text for this change of direction was the 1954 collection of essays compiled by F. A. Hayek, _Capitalism and the Historians_. — Miles Taylor