Hayek on ‘neutral money’, long-term contracts, rigid prices, the structure of production & ideal monetary policy

From F. A. Hayek’s Prices and Production:

“In order to preserve, in a money economy, the tendencies towards a stage of equilibrium which are described by general economic theory, it would be necessary to secure the existence of all the conditions, which the theory of neutral money has to establish. It is however very probable . . . → Read More: Hayek on ‘neutral money’, long-term contracts, rigid prices, the structure of production & ideal monetary policy

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Strictly speaking, there is no ‘economic motive’ but only economic factors conditioning our striving for other ends. — F. A. Hayek

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