Monthly Archives: December 2012
Here is the link to the EconTalk podcast which includes extensive bibliographical links.
Great Hayek Quote on Expanding Money and Changing Networks of Relative Prices & Structures of Production
“It seems obvious as soon as one once begins to think about it that almost any change in the amount of money, whether it does influence the price level or not, must always influence relative prices. And, as there can … Continue reading
In 1931 Hayek took British economists on a landmark trip through the history of economic thought as an introduction to Hayek new account of intertemporal equilibrium and disequilibrium through the domains of money, credit and production across time. As Hicks … Continue reading
Just starting The Great Persuasion: Reinventing Free Markets since the Depression by Angus Burgin, the story of Hayek, Friedman and the Mont Pelerin Society.
Hayek had a single theme from his 1928 book to his writings and interviews at the end of his life — math constructs *fail* to capture the imperfect *signal* function of prices and the imperfect learning, judging and discovery role … Continue reading