Books

xv, [1], 124, 3 [ads] pp. Index. Text in German. "Beitrage zur Konjunkturforschung - Herausgegeben vom Osterreichischen Institut Fur Konjunkturforschung Nr. 3" - front cover. "A collection of four lectures covering theories of the influence of money on prices, the conditions of equilibrium between the production of consumers' goods, the working of the price mechanism in the course of the credit cycle, and the case for and against an 'elastic' currency." - Jacob Cohen. Unread as most pages uncut. Average wear to original brown wrappers which are partially separated from textblock. Bit of writing at base of spine. 1939 New York Times Book Review of Schumpeter's 'Business Cycles' laid in. A sound copy of this, Hayek's second book. Machlup B-2, Cody & Osrem B-2, Hutchinson 912, Cohen 183, Sraffa 2422.; 8vo - over 7�" - 9�" tall; Preise Und Produktion ( Common English Title: Prices and Production) Beitrage zur Konjunkturforschung - Herausgegeben vom Osterreichischen Institut Fur Konjunkturforschung Nr. 3".

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.