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Profits, Interest, and Investment

Profits, Interest, and Investment by F. A. Hayek

Tags Capital and Interest TheoryProduction Theory

10/13/1975Friedrich A. Hayek

And Other Essays on the Theory of Industrial Fluctuations

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.

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).

References

Augustus M. Kelley, Publishers, Clifton, 1975

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