Hayek ’ S Theory of Money and Cycles : Retrospective and Reappraisal

  title={Hayek ’ S Theory of Money and Cycles : Retrospective and Reappraisal},
  author={G. R. STEELE},
  • G. R. STEELE
  • Published 2005
I n adopting the view that " relatively few of our readers are interested in the history of economic thought anymore, " 1 the editors of one journal have allowed criticisms of the work of Friedrich Hayek to remain unanswered. That situation is now redressed, by courtesy of the editors of this journal. Three significant assertions were made; namely, that Hayek (a) switched his focus from monetary policy to monetary regimes: " However doubtful its forecasts, The Denationalisation of Money had the… CONTINUE READING

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Economic Freedom

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