Books

162 pages plus advertisements. Includes the following four lectures: Theories of the Influence of Money on Prices; The Conditions of Equilibrium Between the Production of Consumers' Goods and the Production of Producers' Goods; The Working of the Price Mechanism in the Course of the Credit Cycle; The Case for and Against an 'Elastic' Currency. Appendix: Capital and Industrial fluctuations - a reply to criticism. No. 107 in the series of Monographs by writers connected with the London School of Economics and Political Science. Average wear. Prior owner's address and his Yale University address upon front endpaper else unmarked. Cohen 183, Cody & Ostrem B-2, Hutchinson 912, Sraffa 2421.; 12mo - over 6�" - 7�" tall; Prices and Production - Second, Revised and Enlarged Edition four lectures: Theories of the Influence of Money on Prices; The Conditions of Equilibrium Between the Production of Consumers' Goods and the Production of Producers' Goods; The Working of the.

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.