At the time of his death in 1989, Karl Brunner was known not only for his writings in monetary economics but also for his contributions to econometrics, the theory of man, logics and the analysis of sociopolitical problems. Between 1953 and 1989, Professor Brunner published over 200 articles and books, founded two leading academic journals - the Journal of Money, Credit and Banking, and the Journal of Monetary Economics - and organized numerous conferences. Economic Analysis and Political Ideology, the first volume of Karl Brunner's essays with an introduction by Nobel Laureate James M. Buchanan, reproduces articles dealing with Professor Brunner's socio-economic analysis. Providing insight into a man absorbed and preoccupied by economic scholarship, this volume includes papers ranging from economic policy, inflation, the place of religion in the social order and Keynes's sociopolitical vision to more personal writings on the author's quest for knowledge and the reasons underlying his fascination with economics. The second volume, Monetary Theory and Monetary Policy, with a foreword by Alan Meltzer, is published separately and deals with macroeconomic issues.

Monetary Theory and Monetary Policy is the second collection of essays by Karl Brunner - one of the most prominent monetary economists of the twentieth century. It demonstrates the importance of economic analysis for the development of appropriate economic policies. The book opens with a preface by Thomas Lys which provides the reader with an account of both Karl Brunner's personal and academic life. This is developed further in an introduction by Allan H. Meltzer, who focuses on Brunner's intellectual development. Issues discussed in this collection include the question of whether monetarism has failed, monetary policy, persistent inflation, deficits and interest rates, high-powered money, the monetary base, the money supply, international monetary order and the question of whether supply-side economics is sufficient for comprehensive policymaking. This selection will be welcomed by academics, students and policymakers interested in monetary economics and the work of Karl Brunner.

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