The Austrian Theory of the Trade Cycle

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Can We Still Avoid Inflation?

  • The Austrian Theory of the Trade Cycle and Other Essays by Richard Ebeling
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Tags Austrian Economics OverviewInterventionismMonetary Theory

07/18/2008Friedrich A. Hayek

This audio essay, narrated by Gennady Stolyarov II, is found in The Austrian Theory of the Trade Cycle and Other Essays (pp. 93-110) edited by Richard M. Ebeling.

Author:

Friedrich A. Hayek

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).

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