Througout his life Hayek had a profound interest in money and its
role within the economy. Money plays a critical part in his 1920s
work on the trade cycle, which attempts to integrate capital theory
and monetary theory. As late as the 1970s, Hayek was advocating
radical reform of the monetary system, suggesting that the supply
of money be turned over to private enterprise.
This volume, together with Volume Six, Good Money, Part Two,
collect all of Hayek's significant writings on money. Together they
amply demonstrate both the significance of 'sound money' in Hayek's
economic vision, and Hayek's importance as a monetary theorist.
General
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