Books

Wien (Vienna): Verlag Von Julius Springer, 1931. First edition. Wraps. This is the first edition (in German) of the second published book by economist and political philosopher Friedrich Hayek. This was Hayeks first book based on his work with the London School of Economics and the result of the 1931 lectures that began his LSE career and led to his naturalization as a British citizen. Condition is very good. The original card wraps remain complete and firmly attached, despite moderate overall soiling, toning, and wear to extremities. The contents are complete with light, intermittent spotting. We find no previous ownership marks. The untrimmed fore and bottom edges remain respectably clean, some spotting and shelf dust showing only on the top edges. Vienna-born British economist Friedrich August Hayek (1899-1992), winner of the Nobel Prize in Economics, was known for his criticisms of the Keynesian welfare state and of totalitarian socialism. Following degrees from the University of…

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.

Determining if a copy of this book is a first edition can often be done by inspecting the publisher's page for the printing history. For 'Preise und Produktion', a first edition would likely be published by Gustav Fischer Verlag in 1931 without additional printings listed.