Hayek on the Role of Money Liquidity … Another Idea Keynes Did _Not_ Originate

By Greg Ransom, on January 21st, 2012%

“In view of the apparently widespread impression that the influence of liquidity considerations on the rate of interest is a new discovery, the present author may perhaps be excused for pointing out that more than ten years ago he described cyclical fluctuations as largely due to the fact that the rate of interest is in . . . → Read More: Hayek on the Role of Money Liquidity … Another Idea Keynes Did _Not_ Originate

2 comments - (Comments are closed)   Keynes, Liquidity

Hayek on Money Disturbing Equilibrium

By Greg Ransom, on January 21st, 2012%

“It is one of the oldest facts known to economic theory that changes in the quantity of money, or changes in the ‘velocity of circulation’ (or the ‘demand for money’), will deflect the rate of interest from its equilibrium position and may keep it for considerable periods above or below the figure determined by the . . . → Read More: Hayek on Money Disturbing Equilibrium

Comments are closed   Money & the Trade Cycle, Quotable Hayek

GRAPH: New Home Sales vs Single Family House Starts Built for Sale

By Greg Ransom, on January 16th, 2012%

The graph explained.

4 comments - (Comments are closed)   Tweets

Part IV of Hayek’s _The Pure Theory of Capital_

By Greg Ransom, on January 14th, 2012%

Part IV of Hayek’s The Pure Theory of Capital is the chimeric “unwritten” 2nd “volume” of Hayek’s Pure Theory, the monetary part that goes beyond the “barter economy” and considers the phenomena of interest and production coordination and dis-coordination when money and credit and other “non-barter” market phenomena are brought into the picture.

In several . . . → Read More: Part IV of Hayek’s _The Pure Theory of Capital_

One comment - (Comments are closed)   Tweets

A Terrific Interview with Peter Boettke

By Greg Ransom, on January 13th, 2012%

And five book recommendations.

Comments are closed   Tweets
Follow FriedrichHayek on Twitter

Random Quote

I recommend [F. A. Hayek's The Sensory Order] to your attention as an exercise in profound thinking by a man who simply considers knowledge for its own sake. What impressed me most is his understanding that the key to the problem of perception is to comprehend the nature of classification. Taxonomists have struggled with this problem many times, but I think von Hayek considered this problem in a broader sense. — Gerald Edelman
خرید ساکس خرید وی پی ان خرید vpn