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Your Price: $ 1450.00
Item Number: 16035a
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Circa: 1941
Type: Hardcover
Edition: 1
1941 first printing published by MacMillan Co., Limited, London. Blue cloth, hardbound copy, no dust cover. A bit of tanning on the title page, clean inside with no writing, 454 pages.
The book commemorates the celebrated scholar’s last major work in economics. Offering a detailed account of the equilibrium relationships between inputs and outputs in an economy, Hayek’s stated objective was to make capital theory—which had previously been devoted almost entirely to the explanation of interest rates—"useful for the analysis of the monetary phenomena of the real world." His ambitious goal was nothing less than to develop a capital theory that could be fully integrated into the business cycle theory.
About the Author
F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economics in 1974, was a pioneer in monetary theory and a leading proponent of classical liberalism in the twentieth century. He taught at the University of London, the University of Chicago, and the University of Freiburg.
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