Books

A fine copy in the original gilt-blocked cloth. Remains particularly well-preserved overall; tight, bright, clean and especially sharp-cornered. Ex-libris copy with minor stamp. ; 112 pages; Physical desc. : xv, 112 p. ; 19 cm. Subject: Money --Prices --Currency question. Series: Studies in economics and political science, no. 107. 1 Kg.

In 'Prices and Production', Friedrich Hayek explains how fluctuations in investment based on monetary policy can lead to economic cycles. This book is integral to business cycle theory and presents Hayek's vision of the Price-Specie-Flow mechanism.