- Downloads:
- Profits, Interest, and Investment_5.pdf
The essays collected in this volume are a selection from the various attempts made to develop the outline of a theory of industrial fluctuations contained in two of Hayek’s books on Monetary Theory and the Trade Cycle and Prices and Production.
![Profits, Interest, and Investment by F. A. Hayek](https://cdn.mises.org/styles/responsive_6_9_650w/s3/static-page/img/Profits%2C%20Interest%2C%20and%20Investment_Hayek.jpg.webp?itok=OQG9NNz9 650w,https://cdn.mises.org/styles/responsive_6_9_870w/s3/static-page/img/Profits%2C%20Interest%2C%20and%20Investment_Hayek.jpg.webp?itok=mRdhOYFo 870w,https://cdn.mises.org/styles/responsive_6_9_1090w/s3/static-page/img/Profits%2C%20Interest%2C%20and%20Investment_Hayek.jpg.webp?itok=CXmKT5VN 1090w,https://cdn.mises.org/styles/responsive_6_9_1310w/s3/static-page/img/Profits%2C%20Interest%2C%20and%20Investment_Hayek.jpg.webp?itok=6AbF40lm 1310w,https://cdn.mises.org/styles/responsive_6_9_1530w/s3/static-page/img/Profits%2C%20Interest%2C%20and%20Investment_Hayek.jpg.webp?itok=N4uS5v_K 1530w)
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F. A. Hayek (1899–1992) is undoubtedly the most eminent of the modern Austrian economists, and a founding board member of the Mises Institute. Student of Friedrich von Wieser, protégé and colleague of Ludwig von Mises, and foremost representative of an outstanding generation of Austrian School theorists, Hayek was more successful than anyone else in spreading Austrian ideas throughout the English-speaking world. He shared the 1974 Nobel Prize in Economics with ideological rival Gunnar Myrdal ”for their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena.” Among mainstream economists, he is mainly known for his popular The Road to Serfdom (1944).
Augustus M. Kelley, Publishers, Clifton, 1975